Global Music Forecasts 2015-2020 Declining Legacy Formats Cancel Out Streaming Growth
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In a few short years streaming has gone from being an interesting sideshow to the most important component of the recorded music market in terms of impact, innovation and disruption, though not in revenue terms. Indeed streaming still only represents of all recorded music revenue but its growth is directly impacting virtually every other aspect of the industry. For the next five years the music industry will evolve at twin speeds, with the dynamic streaming sector sitting in stark contrast to the declining but still dominant legacy formats of the CD and the download.
Companies mentioned in this report: Apple, Amazon, Deezer, Digster Playlists, Google, Guvera, iHeart Radio, Mixcloud, MTV, MusicQubed, Pandora, PRS for Music, Psonar, QQ Music, Radionomy, Rdio, Rhapsody, Slacker, Smart, SoundCloud, Spinnr, Spotify, Tenecent, YouTube