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.

One Dance by Drake is now the most streamed song ever on Spotify

Drake is the king of Spotify, and that has been confirmed as he takes to the top spot for the most streamed track ever with ‘One Dance’. Drake’s summer hit One Dance was everywhere, with…

Daniel Ek takes place of Martin Lorentzon as Spotify’s chairman

Martin Lorentzon has stepped down as chairman at Spotify for a smaller role as Spotify chief executive Daniel Ek takes his place. Martin Lorentzon co-founded the world’s most successful streaming service, Spotify, with Daniel Ek…