Streaming Services In US Grow 13.5%, But Still Fall Way Behind Downloads
March 29, 2012
Music subscriptions grew by 13.5% to $241 million last year according
to figures released by the RIAA yesterday. However despite the surge, paid
downloads still grew quicker and more aggressively than any other format.
The combined revenue generated from single and download
sales was $2.584 billion, a year increase of 18%, whereas subscription
services, boosted by the launch of Spotify generated $241 Million, with a
yearly growth of 13.5%.
Over all paid downloads generate over 10 times more revenue
than streaming platforms and appear to be growing quicker.
But what do you think? Can subscription services ever
compete with download? Will users ever value a $10 monthly subscription over a
$10 album? Leave your comments below.
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