This just in from Digital Music News, we’re not surprised. The death spiral towards the $3b annual record business is accelerating… One word to artists and music executives reading this post… “WINDOWING”…
May 10th, 2013:
“We have data that’s proving and demonstrating the fact that streaming revenue is additional to actual unit download consumption or physical music sales…”
Katie Schlosser, Spotify Account Manager of Label Relations, speaking at NARM.
September 12th, 2014:
“Streaming consumers are buying few albums. 30 percent of consumers are music streamers and a fifth of these consumers pay to stream. Streaming has driven new market growth in countries such as Sweden but in larger markets such as the US it is denting digital music buying.
READ THE FULL STORY AT DIGITAL MUSIC NEWS:
We’re starting to get the answer to the question, “is Spotify revenue instead of transactional download revenue, or in addition to transactional download revenue”?
It’s official: We’re buying less digital music. Just like vinyl, cassettes, and CDs before it, the digital download may have reached it peak, with total sales dropping 4% from last year. The culprit? It’s complicated, but expect the already-raging debate over Spotify, streaming, and the future of music distribution to heat up.
Here’s a breakdown. In the first half of this year, U.S. music fans paid for 25-30 million digital tracks per week, according to Billboard. In October and November, that number dipped below 20 million. Billboard blames “a web of interrelated stories that show new technologies affecting consumer behavior” for the decline, with the most obvious culprit being that little green and black icon on your home screen.
READ THE FULL STORY AT FAST CO LABS: