Brief news items and worthy reads from around the web:
Radical.FM accepts Bitcoin: The pay-what-you-want streaming service Radical.FM announced that it will accept payments in Bitcoin. Hypebot reported that Radical.FM is the largest track library that currently takes the new currency. Grooveshark also accepts Bitcoin for subscriptions.
Update on Germany’s music market: The German Federal Music Industry Association released data about the nation’s music business during the first half of 2014. Music streaming, including both subscription plans and ad-supported platforms, posted 77 percent growth for the period. Streaming was the segment with the highest growth, securing 7.7 percent of the market. [Billboard]
India’s FM radio outlook: A new report found that India’s FM radio industry could be worth $656 million by 2019. “The emergence of internet radio along with growing use of smartphones in the country is also expected to boost radio industry in India, especially in urban cities,” said Karan Chechi, a research director with TechSci Research, which released the report.
Charts detail music purchasing trends: Digital Music News published a series of graphs demonstrating the shifts of music purchasing trends since 1983. It shows waning dominance for CDs in the wake of new digital options, including on-demand streaming and paid subscription services.