>Total recorded-music revenues are up 12% year-on-year to SEK 499.4m (around $76.4m). Digital accounted for 75% of those revenues, and streaming now accounts for 94% of that digital income. Physical sales fell by 24% in the first half of 2013[...]
Music sales were up, 75% of the sales were due to digital income, and of that income 94% came from streaming. And streaming realistically means Spotify in Sweden. Physical sales fell but that was made up by the increase in digital revenue.
As a personal anecdote, I now spend more on music per year than I ever have before. All thanks to Spotify. Sure, more artists have to share the money I spend, but the pie is bigger than before.
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[ 4.8 ms ] story [ 15.4 ms ] threadMusic sales were up, 75% of the sales were due to digital income, and of that income 94% came from streaming. And streaming realistically means Spotify in Sweden. Physical sales fell but that was made up by the increase in digital revenue.
As a personal anecdote, I now spend more on music per year than I ever have before. All thanks to Spotify. Sure, more artists have to share the money I spend, but the pie is bigger than before.