IFPI Digital Music Numbers for 2011

The IFPI have release some very interesting figures with regards to growth in 2011.

  • Digital trade revenue was up 8 percent to $5.2 billion.
  • That was the first year the growth rate increased since IFPI records began in 2004. Previously, growth rate of 10 percent in 2009 had sunk to five percent in 2010.
  • Globally, digital is now 32 percent of labels’ income, up from 29 percent (that is 52 percent in the U.S. and 71 percent in China). Download volume grew 17 percent to 3.6 billion.
  • Adoption of subscription services grew 65 percent to 13.4 million consumers. Remarkably, in Sweden, subscription contributes an impressive 85 percent of digital music revenue generally, thanks to its local hero Spotify.
Im your friendly RouteBot. Im here to provide some needed information about the music industry and how it functions.

How a site selling samples made a No.1 hit and $35m in funding

Splice has grown from a site offering samples to creating a number 1 hit with Demi Lovato and a massive round of funding. Splice creator Steve Martocci started his entrepreneurship with a text messaging service,…

The top 50 artists on SoundCloud are all rappers

SoundCloud is open for everyone to make a success on, but rap music is currently dominating SoundCloud in a big way. 2017 has been the year of the SoundCloud rapper seeing a wave of new…

Leave a Reply

Your email address will not be published. Required fields are marked *