Business Matters: Digital Drives Sweden To 14% Growth In 2012

19 Jan 2013


Immigration News

To see the future of music, look to Scandanavia. Streaming services helped the Swedish recorded music market grow 13.8% to over 943 million Swedish kronor ($144.8 million) in 2012, according to IFPI Sweden figures released Friday.

Digital revenue accounted for 64% of total recorded music revenue, up 12% from 2011. Streaming services such as Spotify accounted for 90% of all digital revenues, up from 82% in 2011. CD sales declined 15%.

Scandinavia is where the music industry's vision for the future is best taking shape. The gains seen in Sweden are similar to 8% gain in 2012 the IFPI Norway just announced. Both markets are being led by subscription services such as Spotify and getting more than enough growth from subscription revenues to offset losses in CD sales.

There's one good reason subscription services perform so well in Sweden: the country is the home of Spotify. But Sweden also has Deezer, WiMP, Rdio, Sony's Music Unlimited, Xbox Music and Rara.com. Norway has those services, too.

Source: http://www.billboard.biz/bbbiz/industry/digital-and-mobile/business-matters-digital-drives-sweden-to-1008102222.story


QUICK ENQUIRY

  • Send me regular updates and alerts
This has been a perfect service. Vamsi has ...

Axxxxx xxxxx
Australia

AUSTRALIAN VISA...

Processing visa through Opulentus has been an awesome ...

Sxxxxxxx xxxxxxxxxxxxI
Australia

AUSTRALIAN VISA...

The process at Opulentus is smooth, transparent and ...

Vxxxxxx xxxxxxx
Australia

AUSTRALIAN VISA...

It was a good experience with opulentus team, ...

Sxxxxxxx xxxxxxA
Australia

AUSTRALIAN VISA...

It had been very good journey and experience ...

Jxxxxxx xxxxxxA
Australia

AUSTRALIAN VISA...

PR process along with Opulentus was very smooth. ...

Pxxxxxxxxx xxxxxA
Australia

AUSTRALIAN VISA...

From the first day of me walking in ...

Nxxxxxxxxx xxxxxxxx
Australia

AUSTRALIAN VISA...

I would like to thank OPULENTUS and Mrs.Ashwini ...

Vxxxxxxx xxxxxxxxxxx
Australia

AUSTRALIAN VISA...

Hi, The journey of getting the VISA was smooth ...

Dxxxxxx xxxxxxxxI
Australia

AUSTRALIAN VISA...

I would like to take this opportunity to ...

Hxxxxxxxxx xxxxxxxxxN
Australia

AUSTRALIAN VISA...

View All