Music Streaming Revenues Now Surpass $1 Billion In the US (up 59% from last year)

[EbookReader]

The $1 billion figure is not as impressive as the growth rate figure. Which is 59% growth from 2011.

http://www.digitalmusicnews.com/permalink/2013/20130327streamingbillion#TNHkBIsGVMmoIp2Xklr6mQ

2011 streaming revenue: $651.2 million USD
2012 streaming revenue: $1032.8 million USD

This is an increase of 59%.


Summary of the 4 Big Revenue Drivers right now:

Streaming: $1,032.8 million USD (up 59%)
Singles Download: $1,623.6 million USD (up 6.7%)
Album Download: $1,204.8 million USD (up 12.5%)
Physical CD Album: $2,532 million USD (down 18.3%)



There is a reason why Apple, Google and Amazon are now negotiating with the major labels for an on-demand subscription service like Spotify/Rhapsody. When these 3 giants market their streaming service, it will only take off even more.





p.s. music streaming is mostly done through either iphone and Android nowadays. So I hope that it is appropriate to post this in the iphone forum

 

[EbookReader]

Spotify paying subscribers:

January, 2010:------------ 250,000 paying subscribers
March 17, 2010:----------- 320,000
July 20, 2010: ---------------- 500,000
December 8, 2010: ------ 750,000
March 8, 2011:--------------- 1,000,000
July 14, 2011: -----------------1,600,000
Sept 21, 2011: ---------------- 2,000,000
Nov 23, 2011: ------------------2,500,000
Jan 26, 2012: -------------------3,000,000
July 31, 2012:--------------------4,000,000
Dec 6, 2012: ---------------------5,000,000
March 12, 2013:------------------6,000,000 paying subscribers


It's very possible that Spotify could generate over $1 billion in revenue in 2013. Need Apple, Google and Amazon to get into the game and compete.

 

[EbookReader]

Apple soon to join in the streaming game

http://www.theverge.com/2013/4/11/4...ple-and-universal-music-on-iradio-is-imminent

Apple and Universal Music agreement on streaming iRadio service imminent

 

[EbookReader]

Google has joined in the game with a long ass name

Google Play Music All Access

$9.99 per month

$7.99 per month if you signed up before June 30th




At the current rate of growth, Streaming Revenue in the USA will be greater than Single Digital Download Revenue in the USA in about 8 months.

Year to date track sales are at 482.49 million, down 3% compared to the same total at this point last year (495.40 million).

http://www.digitalmusicnews.com/permalink/2013/20130327streamingbillion#TNHkBIsGVMmoIp2Xklr6mQ

Streaming Revenue 2012: $1,032.8 million USD (up 59%)
Singles Digital Download Revenue 2012: $1,623.6 million USD (up 6.7%)

At the current 59% growth rate, Streaming Revenue for 2013 in the usa will be at $1,642 million.
At the current -3% growth rate, Singles Download Revenue for 2013 in the USA will be at $1,575 million.



The rise of smartphone is ideal for music streaming. Its growth has been phenomenal.

Streaming Revenue 2011 (USA): $649.6 million USD
Streaming Revenue 2012 (USA): $1,032.8 million USD (up 59%)
Streaming Revenue 2013 (USA): ???
Streaming Revenue 2014 (USA): ???

Streaming Revenue in the USA is poised to cross the $2 billion a year mark in 12-15 months time. Maybe even sooner since Google just launched its streaming service and with Amazon and Apple waiting in the wings.

 

[BENJMNS]

Spotify is one of many startups powered by amazon web services.

 

[drb1992]

I won't be using All Access because Spotify has one thing it doesn't. Offline Mode. Offline Mode allows me to download as many songs as I want into my PC, phone, and tablet. So even if I don't have Internet, I can still listen to my music. For my phone, it really cuts back on how much data I use. And if whatever Apple and Amazon come up with doesn't have Offline Mode, I won't be using their services either.

 

[lordofthereef]

So where are all of those people who were saying streaming is pointless when you can just buy whatever songs you want and load them on your device? Obviously Apple is very aware of these numbers and thus wants to tap into it themselves. They would be foolish not to. Now we just need something like this for videos (think Netflix, with MUCH more content).

 

[EbookReader]

Bigghttp://techcrunch.com/2013/05/16/in...-and-3rd-streaming-still-just-an-opening-act/

Worldwide, iTunes has held on to its spot as the single-biggest source of revenues for Merlin’s independent label members, both across key markets like the U.S. and UK, as well across Europe and globally. Interestingly, Spotify is securely in second position, underscoring just how popular both Spotify and streaming services have become — second has been a place held by Amazon for some time prior to this. Amazon’s MP3 download service subsequently slipped down to third place across the board, while Deezer and eMusic are split regionally in terms of their influence and in grabbing fourth place.

Biggest Source of Revenue for Merlin's Independent Label Members

Youtube is the #5 biggest source of revenue worldwide.