Digital Music Services Have Gone Mainstream
According to IFPI ~ the [International Federation Phonographic Industry] the global music industry actually reported a growth in 2012 after over a ten year stretch in losses. This was reportedly due to a nine percent increase in digital music revenues.
In their report recently released:
Digital music revenues reached $5.6 billion last year, i.e. digital music now accounts for more than one third of the industry’s total. The number of people using digital subscription services jumped 44 percent to 20 million worldwide. In some countries subscription services such as Spotify are already more popular than paid downloads, but downloads still make up the lion’s share of digital music revenues.
Overall, 62 percent of internet users report that they used some type of legal digital music service in 2012.
Today’s chart by Statista shows the digital music services in selected countries.
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If they made it cheaper to buy music people wouldn’t try and pirate as much either.
Glad to hear that the music industry was proved wrong–they insisted not that long ago, that they would be put out of business!!
I always found it funny that they blamed pirating for losses. It was the bozos not adjusting their business models to the present that was the problem.