Thursday, August 16, 2012

Global digital music sales to top $8.6 billion in 2012

Online streaming revenues will grow at almost five times the rate of download revenues in 2012, according to Strategy Analytics' latest Global Recorded Music Forecast. Streaming revenues will increase 40 percent in 2012 - to $1.1 billion - whilst download revenues will increase by 8.5 percent to $3.9 billion. Therefore, streaming services will take over as the leading revenue growth engine for the music industry in 2012, generating an extra $311 million - $8 million more than downloads at $303 million
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