IFPI Digital Music Report shows global snapshot of streaming growth
The IFPI released its annual Digital Music Report, complete with an assessment of industry trends and case studies. According to the group’s data, 2014 was the first year that digital channels and physical channels accounted for the same proportion of revenue, 46% each. The digital revenue totaled $6.85 billion for the year out of the industry’s total revenue of $14.97 billion. About 41 million people now pay for music subscriptions, which accounted for 23% of global digital music revenue. Continue Reading
