Spotify and Deezer help revive music industry | RetailDetail

Spotify and Deezer help revive music industry

Spotify and Deezer help revive music industry

In 2012 sales in the music industry rose for the first time since 1999. Especially services such as Deezer and Spotify, specialised in streaming and selling digital music, seem to be calling the illegal downloading of music to a halt.

Digital music services set new trend

1999 was the last year in which the music industry had a rise in sales, but since then it all went downhill. The plummeting of cd sales on the one hand and the rise in illegal downloading on the other have caused a drop in sales year after year.

 

This seems to have come to an end: in 2012 worldwide sales rose by a modest 0.3% to 12.6 billion euro. In the digital segment sales in 2012 rose by eleven percent: at the moment 34% of all sales in the sector are derived from digital music. Ads on Youtube and online radio also bring in a fair amount of money.

 

Because services such as Deezer and Spotify are very flexible and user-friendly, they help people make the transition from illegal downloading to paying services more easily. As the digital music industry is still very much developing, it could be that this positive evolution as only just begun. Spotify alone increased its reach from thirty to a hundred countries over just a short period.

Questions or comments? Please feel free to contact the editors


Microsoft builds competitor for Amazon Go

14/06/2018

Microsoft is working on its own technology that should render checkouts in stores obsolete. The American company says it wants to be an ally for the retail sector, mostly in its struggle against Amazon Go.

Amazon bans customers who return too much

24/05/2018

Amazon is putting a stop to customers that return too many items or that “misbehave” according to the retailer: whoever crosses the line, will be banned. Dozens of customers have taken to social media to complain about this unilateral account removal.

LVMH invests millions in fashion search engine Lyst

24/05/2018

French luxury group LVMH, led by Bernard Arnault, will invest millions of dollars in Lyst once again. The luxury fashion search engine wants to expand its global expansion this way.

Amazon now delivers packages to car trunks

25/04/2018

From now on, Amazon delivers orders to the trunk of your car. The retail and technology giant has given its Prime subscribers access to get packaged delivered to the trunk of their car, without any additional costs. The service is currently limited to the United States.

Dutch Beate Uhse division not bankrupt after all

05/04/2018

German Beate Uhse’s Dutch subsidiary has not gone bankrupt after all and will continue its activities in both Belgium and the Netherlands. The company revealed the information itself after bankruptcy rumours surfaced.

Amazon often cheaper than Dutch competitors

03/04/2018

Products that are available on both Dutch web shops and Amazon.de, are cheaper at Amazon in about half the cases. Not only do Dutch stores compete with Amazon.de, which ships to the Netherlands, but there are also rumours that Amazon.nl and Amazon.be will soon become more active.