IFPI Sweden released half-year data for the nation’s music industry. Streaming revenue increased 7.4% to 425.8 million kroner. That sector generates 83.9% of total sales, with all digital revenue accounting for 88% of Sweden’s music sales. Continue Reading
On the Move tracks hires, promotions, and other notable personnel changes in the audio industry. IFPI appoints new board member; Michelle Jubelirer rises to COO of Capitol. Continue Reading
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
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
Finland’s recorded music market followed the global trend in 2014, with an overall decline partially offset by gains in streaming revenue, according to data from IFPI. The total industry income for the year was €35.9 million, down 14% from 2013. It was the first year where digital properties edged out physical formats, accounting for 51% of the year’s revenue. Money from all streaming services rose 38% from the previous year to €16 million. Continue Reading
IFPI Denmark released a year-over-year comparison of streaming uptake in the first half of each year. Streaming increased 40 percent, from 45% of music conumption to 63%. The Denmark metrics align with the top line of Nielsen Audio’s most recent year-over-year report, which shows 42% increase in U.S. streaming. that number included video streaming. Continue Reading
The Internation Federation of Phonographic Industries (IFPI) released its summary of digital music usage and revenue for 2013. As with the RIAA report issued this week, the IFPI document shows vigorous growth of streaming and subscription music, bolstering a general industry picture of declining physical sales. Continue Reading
Frances Moore, CEO of the International Federation of Phonographic Industries, made some waves and splashed some cool water of long-term thinking on the hot debate over artist payouts from streaming music services. Moore spoke at the ARIA Masterclass in Sydney,… Continue Reading