Streaming reaches 52% of Australian record industry revenue in H1 2017

Australia saw streaming revenue of A$96.9 million in the first half of 2017. That result marked a 57% increase from the year-ago period, according to data from the Australian Recording Industry Association.

Wholesale sales totaled A$184.2 million for the first half, a 9.2% jump from the first six months of 2016. First-half revenue for CDs dipped 12.9% to A$32.9 million. Download sales have also been declining, but still reached revenue of A$42.6 million. According to ARIA CEO Dan Rosen, Australia’s music business is now 80% digital.

“It’s been a lot of hard work, a lot of innovation to retool the industry for the digital and global age,” Rosen told the Australian Financial Review. “It’s fantastic to see the growth is sustainable growth. It was something that was quite elusive.”

Anna Washenko