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.

Warner Music work with Mixcloud to monetise online indie radio

British radio streamers Mixcloud have signed a massive deal with Warner that will license Warner Music Group music for use on their radio shows. Mixcloud and Warner Music Group have signed a deal that enters…

Spotify launches app just for artists to track their fans and music streams

Spotify have just launched their Spotify for Artists app, bringing artists’ Spotify stats into their pockets wherever they go. Spotify’s new mobile app will be a blessing to musicians and artists who want to know…