3

Music consumption explodes worldwide, powered by streaming (IFPI)

The IFPI has released its 2016 global report, which points to streaming as the key reason behind music’s first year of significant total revenue growth since 1995. Global revenue rose 3.2% last year to $15 billion. Digital outperformed physical revenue for the first time, a result that echoes the U.S. trend highlighted by the RIAA’s annual report. Within that strong performance, streaming emerged as a powerhouse, accounting for 43% of the year’s digital revenue. Continue Reading

0

Streaming accounts for 72% of Denmark’s music market

IFPI Denmark released data on the first half of 2015 for the country’s music industry, which showed a strong performance by streaming. Revenue from streaming platforms rose by 14% in H1 2015 compared with H1 2014. Recorded music overall rose just 0.4% since the same period last year, which physical sales dropping 35% and downloads falling 13% from the year-ago period. Continue Reading

0

IFPI CEO explores the financial breakdown of streaming revenue

The IFPI has thrown its hat into the ring to discuss streaming royalties paid to artists. The group’s CEO Frances Moore penned a blog post about this delicate subject based on IFPI’s own research into the music industry’s financial situation. “The issue is not that artists are getting lower royalty payments from digital services – they are not – but that the overall recorded music market has shrunk, which means smaller revenues for all involved,” she wrote. Continue Reading

0

IFPI chief says YouTube should lose its safe harbor

During a press conference, IFPI CEO Frances Moore said that safe harbor protections that YouTube, Dailymotion, and similar free platforms receive mean that the music industry loses billions in potential income. “YouTube and Dailymotion are in the business of promoting, distributing and monetizing content, but claim to be mere hosting services, and then say they don’t have to take a full license,” she said. “That is unfair.” Continue Reading

1

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