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[September 28, 2013]
Rise of Digital Music Market Within Global Music Industry Reviewed in New Report Available at MarketReportsOnline.com
(PR Web Via Acquire Media NewsEdge) Dallas, Texas (PRWEB) September 28, 2013 The global music industry reached a high of nearly $30bn in revenues in 1999 before going into decline. This decline continued consistently until the industry grew by 0.3% in 2012. The increased popularity of legal digital music market services, which grew by 9.8% in 2012, has been credited as the dominant force behind this growth.
Features and benefits of the report The Music Industry: The Rise of Digital Music (
) include: MarketLine Case Studies describe topics such as innovative products, business models, and significant company acquisitions. Fact-based and presented in an accessible style, they explain the rationale of commercial decisions and illustrate wider market and economic trends.
Highlights of the report available for purchase at
In 2003, CDs represented 94.8% of music sales in the US. By 2012, this had fallen to 35.8% of US sales. Download sales of singles and albums grew by 12% to 4.3 billion units in 2012. Subscription and ad-supported royalty fees grew at a much stronger rate: 71.4%. The last 15 years has seen the emergence of online music piracy. However, there is still some disagreement over whether, or to what extent, this has affected the music industry’s revenues. In order to try to eradicate piracy, the Copyright Alert System has been developed with major US Internet Service Providers (ISPs.) Key questions answered in this report • Why has the music industry experienced decline since 1999? • What was the driving force behind the music industry's marginal growth in 2012? • How has the way in which we access music changed in the past 40 years? Table of Contents for the report The Music Industry: The Rise of Digital Music covers: Overview Catalyst Summary Analysis Popular music formats have changed significantly in the last 40 years New technology has consistently changed how we access music The global music industry experienced 0.3% growth in 2012, largely driven by the increasing popularity of digital music The launch of the Apple iTunes Music Store coincided with a dramatic increase in unit sales and a decline in revenues Access models have grown quickly in recent years Access models include Spotify and YouTube Digital streaming now accounts for 15% of US music industry revenues The prevalence of illegal file sharing correlates with the decline of the music industry The effect of music piracy on the music industry is contested The Changes Experienced By The Music Industry In The Last 15 Years Drove It Into Decline Sources Further Reading Ask the analyst About MarketLine Disclaimer List of Figures Figure: How various formats contribute to music industry revenues in the US: 1973, 1983, and 1993 Figure: How various formats contribute to music industry revenues in the US: 2003, 2008, and 2012 Figure: Global digital revenues, 2008-2012 ($bn) Figure: Global digital revenues, 2008-2012 ($bn) Figure: Unit sales in the US, 1973--2012 Figure: US music revenues, 1973-2012 ($bn) Figure: Proportion of US industry revenues from access models (%) Figure: Streaming and downloads as a % of digital revenues, 2012 Figure: The make-up of US music file collections Complete report is available at
Other reports available for the music industry: Streaming Radio, Curated Station and Track Play Music: Listening Hours and Revenue Analytics 2013 – 2016 market research report is available at
Directory of Music Foundations 2013 report is available at
The 2013-2018 Outlook for Recorded Music in Greater China market research report is available at
About Us: MarketReportsOnline.com is an online database of regional industry research reports, company profiles and SWOT analysis studies for multiple industries and organizations. Our sales and research experts offer 24 X 7 support to our customers through phone and email communication. Not limited to the music industry, MarketReportsOnline.com offers research studies on agriculture, chemicals, environment, food and beverages, healthcare, medical devices and much more.
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