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Australia’s streaming music revenue doubled in 2014

australia map with notes

The Australian Recording Industry Association shared its 2014 wholesale figures from the country’s music scene. The end of the year charts found that revenue from streaming music subscriptions rose 111% compared with 2013. Online subscription and ad-supported services now account for more than 10% of the total Australian market value.

Despite the positive performance for streaming, it wasn’t enough to offset other declines across the industry. Annual recorded music revenue fell 9.62%, with a 2.36% drop in the overall digital market and an 18% drop in physical sales. The bright spot in physical formats was vinyl, which posted a 127% increase in unit sales. Thanks to streaming and vinyl, Australia’s overall decline in 2014 was smaller than the 11.6% decrease in revenue from 2012-2013.

The general trends emerging from down under seem to align with what Nielsen found last year in both the U.S. and Canada. Those markets also had gloomy numbers for all physical formats except vinyl, and saw significant boosts in their streaming revenue.

Anna Washenko

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