Changes In Music Revenues By Type, 2011 vs 2012 [CHART]
While online and mobile music revenues are expected to show strong growth rates in both the US and globally this year, physical music sales are projected to be down by 9% in the US, and 12% globally, per a Strategy Analytics forecast released in August 2012. In the US, mobile music revenues will grow most rapidly, at 39%, followed by online (PC/laptop/tablet) revenues, at 10%. The expected growth in mobile music revenues in the US comes amidst recent reports from comScore indicating that 27.6% of the total US mobile subscriber audience listened to music on their device in the 3-month period ending in June 2012, up from 18% in the 3-month period ending in April 2011. Read the rest at MarketingCharts.
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