Streaming Boom Stifles Music Downloads

July 7th, 2014
in News, econ_news, syndication

by Felix Richter,

A little more than 10 years after Apple opened the iTunes Music Store and shook the iTunes Music Store it appears as if music downloads are about to suffer the same fate that many other forms of music distribution have suffered.

Follow up:

After global download revenues declined for the first time in 2013, the negative trend appears to continue in 2014. According to Nielsen’s mid-year music report, music downloads in the U.S. suffered double-digit declines in the first six months of this year, as music consumption continues to shift towards streaming.

Considering the most recent numbers, Apple’s $3 billion acquisition of Beats appears to make a lot of sense. If Apple wants to keep the dominant position in the music market it conquered with the iTunes Store a decade ago, the company needs to introduce a proper streaming service before Spotify and others run away with the market. Having acquired Beats Music, Apple doesn’t need to build a streaming service from scratch but can build on Beats’ alreadly solid product.

This chart illustrates how streaming continues to grow, while things go downhill for basically every other way music distribution (except for good old vinyl).

Infographic: Streaming Boom Stifles Music Downloads | Statista
You will find more statistics at Statista


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved