Recorded music revenues up 11% YoY in Norway in 2013

The Norwegian music industry is rapidly growing. In 2013 recorded music was sold for 603 mill NOK, an increase of 11% from 2012 when sale of recorded music reached 545 mill NOK. The main reason for the increase is the development of the streaming services in Norway. The income from streaming services like Wimp, Spotify and Beat has increased 60% (!) from NOK 246 mill in 2012 to NOK 394 mill in 2013, and streaming now represents 65% of the sale of music in Norway.

The total digital sales figures (download and streaming) increased with 40%, from 335 million NOK in 2012 to 468 million NOK in 2013. This definitely makes Norway one of the leading countries when it comes to digital consumption of music. The music industry and the companies represented by IFPI are witnessing a total makeover of the music industry. It is smarter (driven by analysis and data), closer to the audience (through social media), it makes it easier to spread the music globally (for example Ylvis and Envy), and the new business models increase the revenues which can be reinvested in new talents.

Source: IFPI /Music Week