Music Industry Revenues Worldwide By Format, 2012 & 2013 [TABLE]
RIAA found that consumers were more willing to pay for subscriptions to streaming services last year—maybe because they were tired of advertisements, maybe because they wanted all of the other benefits many subscriptions offer, or maybe both. No matter the case, paid subscription services were the fastest-growing digital music format, up 57% year over year to $628 million.
Figures released in March 2014 by the International Federation of the Phonographic Industry (IFPI) suggest that digital music revenues worldwide grew at a more modest pace of 4.3%, totaling $5.87 billion and accounting for 39% of global music revenues. Read the rest at eMarketer.
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