{"id":3903,"date":"2013-12-31T06:25:24","date_gmt":"2013-12-31T06:25:24","guid":{"rendered":"http:\/\/skylight.gr\/administrator_wordpress\/index.php\/2013\/12\/31\/global-digital-music-gains-struggle-to-offset-declining-physical-music-sales\/"},"modified":"2013-12-31T06:25:24","modified_gmt":"2013-12-31T06:25:24","slug":"global-digital-music-gains-struggle-to-offset-declining-physical-music-sales","status":"publish","type":"post","link":"https:\/\/skylight.gr\/index.php\/2013\/12\/31\/global-digital-music-gains-struggle-to-offset-declining-physical-music-sales\/","title":{"rendered":"Global Digital Music Gains Struggle To Offset Declining Physical Music Sales"},"content":{"rendered":"<p><span class=\"normal\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.fugitivesounds.org\/wp-content\/uploads\/2013\/04\/dw-recordstore-041609-p3.jpg\" border=\"0\" width=\"220\" height=\"144\" \/><br \/>The Global recorded music market was up 3 percent in  2012 reaching $23.7 billion and it is expected to remain flat  over the  forecast period according to the latest research by Strategy Analytics&#8217;  Digital Media Strategies (DMS) team. The Global Recorded Music Market  Forecast predicts the market will continue to be below 2009 revenue  levels as digital music growth struggles to offset steep declines in  physical music sales across all regions.  <!--more-->  <br \/> Key Findings:<br \/> * Total packaged music 1 sales will decrease to $13 billion in 2013-nearly half of 2007 packaged music sales<br \/> * Digital music sales will surpass the $10 billion mark this year  boosted by strong growth in both online and mobile music segments<br \/> * Online music 2 segment is expected to grow by double digit growth  rates across all regions, except North America, as the region&#8217;s market  reaches maturity<br \/> * Following a strong 2012 in online downloads, this segment will grow at  a markedly slower rate over the next five years as spending shifts to  streaming services<\/p>\n<p> Share of Total Recorded Music Market in 2013<\/p>\n<p> 2013 packaged music revenue will account for 55 percent of the total  recorded music market, down from 61 percent in 2012, whilst digital  music is expected to grow by 14 percent to account for 45 percent of the  total market this year. We believe most of the online music market  growth will be generated by streaming services across all regions with  revenues growing by 23 percent in 2013, accounting for 24 percent of the  total online music market while online music download revenue will  increase by a modest 2.5 percent. By 2018 streaming music revenue is  likely to account for around a third of the online music market.<\/p>\n<p> Leika Kawasaki, Strategy Analytics&#8217; Analyst, explains: &#8220;As music  streaming services continue to expand across all regions, we observe the  market shifting towards accessibility and availability over actual  ownership of digital music. Streaming services such as Spotify and  Deezer offer consumers instant access to millions of tracks across a  growing number of fixed and mobile devices enhancing the value  proposition and hence driving audience growth for streaming services.&#8221;<\/p>\n<p> Global online music will grow by around 7 percent this year however we  expect flat to marginally positive growth in the US and mature Western  European markets.<\/span><\/p>\n<p>\u00a0<\/p>\n<p><span class=\"normal\">Source: DMS<br \/><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Global recorded music market was up 3 percent in 2012 reaching $23.7 billion and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-3903","post","type-post","status-publish","format-standard","hentry","category-music-news"],"_links":{"self":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/3903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/comments?post=3903"}],"version-history":[{"count":0,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/3903\/revisions"}],"wp:attachment":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/media?parent=3903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/categories?post=3903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/tags?post=3903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}