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


Ikea launches store on Amazon

19/06/2017

Only a week after Ikea’s announcement about third party sales, the Swedish furniture store chain reveals its own store on Amazon, filled with an extensive product range.

Alibaba CFO forecasts enormous turnover growth

08/06/2017

Chinese internet giant Alibaba expects its turnover to grow 45 to 49 % in the current fiscal year, according to CFO Maggie Wu in an investor call.

European Commission may fine Google

07/06/2017

Google will possibly get a huge fine from the European Commission, following a seven-year investigation. The internet giant allegedly benefited its Google Shopping results in its own search results.

Strong online FMCG sales in 2016

06/06/2017

Online sales for “fast moving consumer goods” have grown 26 % in 2016 and now represent 35 % of its total global turnover growth.

Tesco executes a first robot-powered delivery

02/06/2017

For the first time in its history, British supermarket chain Tesco home-delivered a customer’s online order using a robot

JD.com fully focused on drones

23/05/2017

Chinese JD.com will build the largest Chinese logistics network for drones after reaching a deal with the Shaanxi province’s board. Some drones should even be able to carry 1,000 kilos.

Back to top