In a statement released today, NARM/digitalmusic.org President Jim Donio offered the following reaction to IFPI’s Digital Music Report 2013:
“In great news for the music industry, the IFPI has announced that global music revenues increased in 2012 for the first time since 1999. While the overall 0.3% rise was modest, it was fueled in part by a 9% jump on the digital side, an exciting development that bodes well for the future. The year also saw a significant expansion of subscription and streaming models, with a 40% rise in the number of fee-paying customers. We have now had a full year to measure the impact of these services such as Spotify, Rdio, and more in the U.S., and they are expected to account for more than 10% of total digital revenues worldwide for the first time. We have now recorded a year of sales growth in 2011 and a year of revenue growth in 2012, and with Nielsen predicting that sales will remain more or less stable over the coming years, this is a good indicator of the industry’s global health.”
For the full report, click here.
Comments posted on this blog should be relevant to the subject matter and must not be illegal or offensive. No comment may suggest or invite agreement to any action that would restrain competition.
NARM does not pre-screen or regularly review comments, but it reserves the right to remove any comment it deems inconsistent with the previous paragraph or the nature of this blog.
No Comments (Add a Comment)