{"id":6076,"date":"2016-06-15T05:20:16","date_gmt":"2016-06-15T05:20:16","guid":{"rendered":"http:\/\/skylight.gr\/administrator_wordpress\/index.php\/2016\/06\/15\/music-streaming-is-taking-a-rapidly-rising-share-of-overall-global-recorded-music-revenue\/"},"modified":"2016-06-15T05:20:16","modified_gmt":"2016-06-15T05:20:16","slug":"music-streaming-is-taking-a-rapidly-rising-share-of-overall-global-recorded-music-revenue","status":"publish","type":"post","link":"https:\/\/skylight.gr\/index.php\/2016\/06\/15\/music-streaming-is-taking-a-rapidly-rising-share-of-overall-global-recorded-music-revenue\/","title":{"rendered":"Music streaming is taking a rapidly-rising share of overall global recorded music revenue"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/c\/cb\/Classical_spectacular10.jpg\/800px-Classical_spectacular10.jpg\" border=\"0\" width=\"215\" height=\"143\" \/><br \/>A major tipping-point was passed in 2015 when digital recorded music  revenue exceeded physical for the first time. However, digital downloads  are under growing pressure from streaming, as consumers shift away from  owning music and towards paying to access it through providers such as  Spotify and Apple Music. Driven by digital growth, total global music  revenue will rise at a 2.1% CAGR to US$47.7bn in 2020.  <!--more-->  <\/p>\n<p>\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.pwc.com\/gx\/en\/industries\/entertainment-media\/outlook\/img\/Music-2.png\" border=\"0\" width=\"432\" height=\"241\" \/><\/p>\n<p>\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.pwc.com\/gx\/en\/industries\/entertainment-media\/outlook\/img\/Music-1.png\" border=\"0\" width=\"435\" height=\"244\" \/><\/p>\n<p>The increasing dependence on live music has triggered new strategies and revenue streams<\/p>\n<p>Given the decline in recorded music sales in recent years, artists are now more dependent on earnings from live music performance than ever before. This shift from recorded music to live has changed the economics of the industry, with record companies extending their revenue streams to include live performance, and concert promoters expanding into artist management. Total live music revenue will rise at a 3.0% CAGR through 2020.<\/p>\n<p>\u00a0<\/p>\n<p>Source: PWC<br \/>Image source: flagstaffotos.com.au<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A major tipping-point was passed in 2015 when digital recorded music revenue exceeded physical for&#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-6076","post","type-post","status-publish","format-standard","hentry","category-music-news"],"_links":{"self":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/6076","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=6076"}],"version-history":[{"count":0,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/6076\/revisions"}],"wp:attachment":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/media?parent=6076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/categories?post=6076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/tags?post=6076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}