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12:50

Global digital music sales to top $8.6b in 2012: Streaming revenues drive growth

Strategy Analytics :: Online streaming revenues will grow at almost five times the rate of download revenues in 2012, according to Strategy Analytics' latest Global Recorded Music* Forecast. Streaming revenues will increase 40% in 2012 - to $1.1 billion - whilst download revenues will increase by 8.5 percent to $3.9 billion (see Chart 1). Therefore, streaming services will take over as the leading revenue growth engine for the music industry in 2012, generating an extra $311 million - $8 million more than downloads at $303 million.

A press release, www.strategyanalytics.com

Tags: Music

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