In the first few months of every new year, trade bodies from all corners of the globe reflect on their successes of the previous 12 months. Those analyses offer a snapshot of the music industry and the trends that cross national borders. For 2016, the results generally reflected a continued increase to the share of revenue delivered by streaming. Continue Reading
IFPI Sweden reported that the nation’s music revenue reached 1.1 billion kronor ($121.9 million) in 2016, up 6.2%. Sweden, home of Spotify, has been a leading country in adoption of streaming, and last year’s results are no exception. Audio streaming secured an 82.3% share of the music industry sales, edging up 8% from its 2015 share. Continue Reading
Swedish industry group Musiksverige released a report about the nation’s music business in 2015. As shared last month by the IFPI, 85% of recorded music revenue in Sweden came from streaming last year. But this report demonstrates just how sudden and thorough the shift was in that market. Continue Reading
Sweden is the latest music market to share its results from the first six months of the year, and it’s another impressive period for streaming. Total revenue for the period was 547.3 million kronor ($64 million), compared with 507.5 million kronor ($60 million) in the year-ago period. Continue Reading
Many European nations have been pushing for the adoption of DAB technology for radio, with some countries setting clear plans for it to completely replace the current FM system. But not all are jumping on the bandwagon. After announcing a ‘wait and see’ attitude last spring, Sweden’s leaders have officially rejected a proposal to transition away from FM radio. Continue Reading
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
Sweden has revised its plans for a transition to digital radio. Minister for Culture and Democracy Alice Bah Kuhnke said that there isn’t enough support at this time to justify the complete transition. She said the government would follow the international adoption of the technology and see if a future transition would be viable. Continue Reading