econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 03 September 2016

Music Streaming - Subscriptions Win

by Felix Richter, Statista.com

After years of stagnation or decline, the global music industry finally returned to growth last year.

According to IFPI, recorded music revenues increased from $14.5 in 2014 to 15 billion in the past year, mainly thanks to continued growth in streaming subscriptions. By the end of 2015, paid subscribers to music streaming services had grown to 68 million worldwide, with no ceiling in sight.

Streaming revenues amounted to $2.9 billion last year, with subscription services accounting for roughly 80 percent of that total. While personalized, ad-supported online radio services such as Pandora certainly helped blaze the trail for music streaming, it was on-demand services such as Spotify and Apple Music that really pushed streaming to mainstream adoption.

Looking at the growth of subscription streaming revenues, it comes as no surprise that more and more companies want a piece of the pie. Both Amazon and Pandora are reportedly close to launching services of their own, making an already highly-competitive market even more crowded.

This chart shows worldwide music streaming revenues since 2010.

Infographic: Music Streaming – Subscriptions Win | Statista

You will find more statistics at Statista.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










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.




Econintersect Contributors








search_box
Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.







Keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government





























 navigate econintersect.com

Blogs

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

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved