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


Yoox-Net-a-Porter thrives thanks to mobile surge

03/08/2017

Online retailer Yoox-Net-a-Porter has managed to beat analysts’ expectations in the past fiscal year, thanks to a surge in mobile sales. For the first time ever, these sales contributed more than half of the retailer’s total turnover.

Lidl constructs new distribution center in Venlo

01/08/2017

Lidl will open a new distribution center in Venlo, which will cater its web shop’s customer base. The distribution center is not a Lidl Netherlands project, but apparently an international project.

Amazon places own pick-up lockers at consumers' homes

31/07/2017

Amazon announced The Hub, a system of pick-up lockers that can be placed everywhere. They come in different sizes and can be placed both inside or outside of buildings.

Amazon's profit takes enormous hit

28/07/2017

American Amazon’s profit plummeted in the second quarter and is also lower than what analysts had predicted, despite a 25 % turnover increase.

Amazon: a looming problem for other retailers

27/07/2017

Those who thought Amazon’s growth would slow down, were wrong: the company is now worth more than 500 billion dollars. The Amazon effect is even troubling other retailers and investors. How should they react?

European web shop growth stagnates

26/07/2017

The number of companies with an online sales channel in the European Union has stagnated. The study shows that many companies are hesitant to sell abroad, because they fear fraudulent activity.

Back to top