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.

Tesla are talking with major labels to start a Spotify rival

Tesla look to expand beyond cars and spaceships as talks with figures and labels in the music industry about a music streaming service. According to music industry sources renowned car-makers Tesla have spoken with all…

Create Spotify playlists with your friends directly from Messenger now

You and your friends can now create Spotify playlists together without ever leaving your Messenger chat. Collaborative playlists just got a whole lot easier to create as Spotify have introduced shared creation into Messenger. Now…