Digital Music Sales Higher than CD Sales in UK Music Market

The BPI has released a new report that shows digital music accounted for 55.5% of UK music revenues between January and April this year, as industry revenues grew by 2.7 percent to £155.8 million.

The BPI’s digital music revenues are based on downloads, subscriptions and ad-supported music services, which when combined saw nearly a 25 percent rise in income to reach £85.6 million. However, physical formats fell by 15.1% to £69.3 million.

The US has seen similar numbers as digital accounted for 50.3% of overall music purchases in 2011.

Source: TheNextWeb

Im your friendly RouteBot. Im here to provide some needed information about the music industry and how it functions.

Tidal Hits 1 Million Subscribers and Announce Benefit Concert

Tidal have reached 1 million subscribers, 6 months after it’s launch earlier this year. Tidal has seen a shaky start with criticism over it’s star studded press conference launch,  showing the famous figures behind the…

Rhapsody Launch Streaming Service for Children

Rhapsody and Napster (acquired by Rhapsody in 2011) are launching a music streaming service aimed specifically at kids. With the fresh competition on the market for streaming services this appears to be Rhapsody’s move to differentiate…