Around the Net

A First: Spend On Digital Music Surpasses CDs, Records

Music industry trade body BPI said that in the first three months of the year consumers spent a total of £155.8 million on music, up 2.7% year-on-year. Digital music revenues – which includes buying tracks as downloads, paid-for subscriptions and ad-funded services from companies such as Spotify, Napster, We7 and eMusic – accounted for 55.5%, £86.5 million, of that total. Digital music revenues grew 23.6% year-on-year, fuelled by big sales of Lana Del Ray songs and the album Born to Die. While digital singles have long been a big revenue earner the sales of digital albums have taken some time to catch on.

Read the whole story at The Guardian »

Next story loading loading..

Discover Our Publications