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Global recorded music 2015: Purchasing past its peak - Venture Insights

Report Overview

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Global recorded music 2015: Purchasing past its peak

PublisherEnders Analysis.
Publish Date February 17, 2015
Sector Media, Technology.
Company Apple, Google, Vivendi.

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Consumer expenditure on recorded music continued its decline in 2014 by about 6% to $18 billion, as purchasing of download-to-own (DTO) albums and singles passed its peak in 2013, adding to the ongoing decline in total sales of CDs that started a decade ago Streaming is now the only growth story left for the industry, and it has a global footprint, being embraced by developed and emerging markets alike, unlike purchasing The US phenomenon of rapidly rising revenues from ad-supported audio streaming services such as Pandora and music video streaming on YouTube is quite unique as other markets currently lack the potential for online advertising.