Global Music Forecasts 2014 to 2019 The Shift To The Consumption Era
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2013 was the recorded music industry’s successive year of revenue decline. The prolonged death rattle of the CD continues to drag the global market down with it and things just got worse with the paid download entering its own tailspin. Streaming and Subscriptions are the great hope and are growing at unprecedented rates. But the products are not enough on their own, affordable mass market products are needed too. Even with them global music revenues will still decline slightly for the next five years. Without them revenues will shrink at pace and scale.
Companies mentioned in this report: Spotify, MusicQubed, blinkBox Music, Telia, Wimp, Telenor, TDC Play, TDC, Deezer, France Telecom, Napster