Recorded Music Market Stats for Norway 2013 – Music Streaming and Digital Account for Majority of Music Royalties

Figures for the recorded music business in Norway have been released for 2013. Norway are one of the leaders in the digital music world (along with other Scandinavian countries) and this is really shows in the 2013 figures.

  • Market worth = NOK 603m ($98m)
  • Growth of 11% year on year
  • Streaming Market worth  = NOK 394m ($64m) – 65.3% of the entire market

IFPI Norway praises local services like WiMP for helping boost the market but also adds there is still work to do to grow the market further, particularly among older consumers. “We’re working on increasing the use of streaming services through all age segments, with particular focus on the 40+,” it said in its report. “We believe that a greater age-related prevalence in the use of streaming services will contribute positively to the Norwegian repertoire.” With this in mind, it is optimistic for further growth this year.

wimp music streaming digital world norway tunes

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

Spotify remains exclusive to PlayStation, sorry Xbox

With a giant summer update some thought that Xbox consoles might finally get Spotify, but their exclusive deal with PlayStation is alive and well… for now. The upcoming update for Xbox promises some cool new…

SOCAN acquire Audiam to “fix” online music rights and royalties

Canadian organisation SOCAN have made another purchase that positions them in the prime spot to help artists fairly receive what they’re owed from music online. SOCAN’s latest purchase is royalty collecting society Audiam, founded by…