{"id":4572,"date":"2014-08-26T05:12:18","date_gmt":"2014-08-26T05:12:18","guid":{"rendered":"http:\/\/skylight.gr\/administrator_wordpress\/index.php\/2014\/08\/26\/streaming-music-subscriptions-to-exceed-3bn-in-usa-and-western-europe-this-year\/"},"modified":"2014-08-26T05:12:18","modified_gmt":"2014-08-26T05:12:18","slug":"streaming-music-subscriptions-to-exceed-3bn-in-usa-and-western-europe-this-year","status":"publish","type":"post","link":"https:\/\/skylight.gr\/index.php\/2014\/08\/26\/streaming-music-subscriptions-to-exceed-3bn-in-usa-and-western-europe-this-year\/","title":{"rendered":"Streaming Music Subscriptions To Exceed $3bn In USA And Western Europe This Year"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/a\/a0\/Spotify.svg\/150px-Spotify.svg.png\" border=\"0\" \/><br \/>Paid-for streaming music subscription services have experienced  significant growth in both the USA and key markets in Western Europe,  with paid-for subscribers in these territories expected to double to  over 20 million in 2014 compared to 2012, according to the latest  research from Futuresource Consulting.  <!--more-->  <\/p>\n<p> &#8220;Global consumer spend on streaming services in the US and Western  Europe &#8211; excluding personalised radio services &#8211; reached almost $1.9  billion in 2013, with 59% growth expected this year to reach an  estimated $3 billion, with most users using service provider apps on  smartphones or tablets to access and play out music,&#8221; says David  Sidebottom, Senior Market Analyst at Futuresource Consulting.<\/p>\n<p> &#8220;Wireless audio hardware is in the driving seat, with devices like  wireless speakers key to the development of streaming music subscription  services, providing an additional layer to the user experience beyond a  personal listening experience via headphones or a standard docking  station.&#8221;<\/p>\n<p> The overall music market in many leading geographies produced some green  shoots in 2013. However, despite the strong growth in streaming  services, in many markets it will not be enough in the short term to  compensate for both the decline in packaged music and pay-per-download  (PPD) market. While the coming of age of paid-for streaming  subscriptions in a number of countries has helped stabilise overall  consumer spend, it has also stifled growth in PPD albums and singles  from services such as iTunes. And as streaming services take hold of the  music industry, Futuresource Consulting will be exploring future  business opportunities at a half day event in London on 23 October.<\/p>\n<p> &#8220;Packaged music declines have eased in some countries, but continue to  show signs of weakness,&#8221; says Sidebottom. &#8220;Japan and Germany continue to  have a strong affiliation to packaged media compared to other  countries, combined they accounting for over 50% of total global spend  on packaged music.<\/p>\n<p>Source: Futuresource Consulting<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paid-for streaming music subscription services have experienced significant growth in both the USA and key&#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-4572","post","type-post","status-publish","format-standard","hentry","category-music-news"],"_links":{"self":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/4572","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=4572"}],"version-history":[{"count":0,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/4572\/revisions"}],"wp:attachment":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/media?parent=4572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/categories?post=4572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/tags?post=4572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}