SUBSCRIBE
SUBSCRIBE
EXPLORE +
  • About infoDOCKET
  • Academic Libraries on LJ
  • Research on LJ
  • News on LJ
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Libraries
    • Academic Libraries
    • Government Libraries
    • National Libraries
    • Public Libraries
  • Companies (Publishers/Vendors)
    • EBSCO
    • Elsevier
    • Ex Libris
    • Frontiers
    • Gale
    • PLOS
    • Scholastic
  • New Resources
    • Dashboards
    • Data Files
    • Digital Collections
    • Digital Preservation
    • Interactive Tools
    • Maps
    • Other
    • Podcasts
    • Productivity
  • New Research
    • Conference Presentations
    • Journal Articles
    • Lecture
    • New Issue
    • Reports
  • Topics
    • Archives & Special Collections
    • Associations & Organizations
    • Awards
    • Funding
    • Interviews
    • Jobs
    • Management & Leadership
    • News
    • Patrons & Users
    • Preservation
    • Profiles
    • Publishing
    • Roundup
    • Scholarly Communications
      • Open Access

April 15, 2015 by Gary Price

Statistics: 2014 Global Digital Music Report Released by IFPI

April 15, 2015 by Gary Price

Highlights From the IFPI (International Federation of the Phonographic Industry Report):

  • Digital music revenues now on a par with physical globally
  • Global industry revenues down 0.4 per cent to US$14.97 billion in 2014
  • Subscription services at the heart of the music portfolio business

Revenues from digital music services match those from physical format sales for the first time, according to IFPI’s Digital Music Report, published [yesterday].
Digital revenues rose 6.9 per cent to US$6.9 billion, representing 46 per cent of all global music sales and underlining the deep transformation of the global music industry over recent years. The industry’s overall global revenues in 2014 were largely unchanged, falling just 0.4 per cent to US$14.97 billion (US$15.03 billion).
The new report shows an industry in continuing transition, with consumers embracing the music access models of streaming and subscription. Another steep increase in subscription revenues (+39.0%) offset declining download sales (-8.0%) to drive overall digital revenues, while the number of paying users of subscription services rose 46.4 per cent to an estimated 41 million.
Subscription services are now at the heart of the music industry’s portfolio of businesses, representing 23 per cent of the digital market and generating US$1.6 billion in trade revenues. The industry sees substantial further growth potential in the subscription sector, with new services advancing in 2015 led by three major global players: YouTube’s Music Key, Jay Z’s TIDAL and Apple’s expected subscription service.
[Clip]
The global recording industry is a portfolio business of different consumer channels and business models. This is underlined by the enduring nature of the physical format, still 46 per cent of the market, and the still substantial share of digital revenues (52%) accounted for by downloads. Physical sales still dominate in a number of key worldwide markets including France (57%), Germany (70%) and Japan (78%).
Within the physical business, vinyl sales continue to revive with revenues increasing 54.7 per cent and now accounting for 2 per cent of global revenues. This underlines the industry’s commitment to consumer choice and to delivering music to fans in the widest possible range of formats.
Elsewhere in the industry, performance rights income increased by 8.3 per cent and now accounts for 6 per cent of total industry revenues or US$948 million. Synchronisation revenues increased by 8.4 per cent in 2014 to represent 2 per cent of the market, with big gains in markets such as France (+46.6%), Germany (+30.4%) and Japan (+33.5%).
Note: In the reporting of IFPI’s 2014 global market data, there has been a reclassification of SoundExchange revenues in the US from “performance rights” to “digital”. This has resulted in an upward adjustment in digital revenues and growth, and an equivalent downward adjustment in performance rights revenues and growth.
Key Trends In Digital Music
Consumers engage with licensed services. Exclusive IFPI-commissioned research demonstrates consumer engagement with licensed digital music services is high. The study, undertaken by Ipsos across 13 of the world’s leading music markets in 2015, shows 69 per cent of internet users accessed a licensed digital music service in the last six months. Significantly more people say that they use these types of services more than they did 12 months ago, compared to those who say that they use them less.
Awareness of licensed services, such as iTunes, Spotify and YouTube, is high and some 38 per cent of respondents agree strongly or agree a little that they are happy to access music online, rather than own a CD or digital file.
However, IFPI estimates (based on comScore/Nielsen data) that 20 per cent of internet users (down from 26 per cent in 2013) still regularly access unlicensed services such as P2P file-sharing networks, cyberlockers and aggregators.

Read the Complete Summary
Direct to Full Text Report (44 pages; PDF)

Filed under: Data Files, News, Patrons and Users, Video Recordings

SHARE:

About Gary Price

Gary Price (gprice@gmail.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.

ADVERTISEMENT

Archives

Job Zone

ADVERTISEMENT

Related Infodocket Posts

Journal Article: "Knowledge Work in Platform Fact-Checking Partnerships"

The article linked below was recently published by the International Journal of Communication. Title Knowledge Work in Platform Fact-Checking Partnerships Authors Valérie Bélair-Gagnon University of Minnesota-Twin Cities, USA Rebekah Larsen ...

State Library Looks to Install Book Vending Machines Around North Dakota; A Guide to Communicating With Others: Messaging...

A Guide to Communicating With Others: Messaging Apps (via Privacy International) De Gruyter Acquires Mercury Learning and Information Report by the French Committee for Open Science Working Group on Electronic ...

Just Released: Calculators Now Emulated at The Internet Archive (The Calculator Drawer)

From an Internet Archive Blog Post by Jason Scott: It’s time to add another family of emulated older technology to the Internet Archive. The vast majority of platforms within what ...

Journal Article: "Crossref as a Bibliographic Discovery Tool in the Arts and Humanities"

The article linked below was recently published by Quantitative Science Studies. Title Crossref as a Bibliographic Discovery Tool in the Arts and Humanities Authors Ángel Borrego Universitat de Barcelona, Melcior ...

Montana: ImagineIF Trustees Hold Special Meeting on Library Security Concerns; Pennsylvania: Philly’s Free Library is Making Space for...

Colorado: Suspensions Increase at Pikes Peak Library District Under New Security Protocols (via The Gazette) Montana: ImagineIF Trustees Hold Special Meeting on Library Security Concerns (via Daily Inter Mountain) North ...

Not Real News: An Associated Press Roundup of Untrue Stories Shared Widely on Social Media This Week

From the Associated Press: A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were ...

Report: "Australian Authors to Receive Compensation for E-Book Loans for First Time"

From The Sydney Morning Herald: Authors, illustrators, and editors will be compensated for e-book and audiobook library borrowings for the first time, in a move by the federal government to ...

National Archives and Records Administration (NARA) Publishes Customer Research Agenda

From the National Archives and Records Administration (NARA): A draft Customer Research Agenda was open for public review and comment in October 2022. “We’re grateful for the feedback we received ...

Report: "A Watermark for Chatbots Can Expose Text Written by an AI"

From MIT Technology Review: Hidden patterns purposely buried in AI-generated texts could help identify them as such, allowing us to tell whether the words we’re reading are written by a ...

The Accessibility of Federal Information and Data: A Brief Overview of Section 508 of the Rehabilitation Act (Updated...

From the Congressional Research Service: Nearly one in four Americans has a disability, according to 2018 estimates from the U.S. Census Bureau. Congress has recognized that in addition to making ...

NY Times: "New York Public Library Acquires Joan Didion’s Papers"

From The NY Times: When [Joan] Didion died in 2021 at age 87, the news set off an outpouring of tributes to a writer who fused penetrating insight and idiosyncratic personal voice, ...

University of North Carolina at Chapel Hill: María Estorino Named Vice Provost for University Libraries and University Librarian

Below, Find the Full Text of a Letter Sent to the Carolina Community From Kevin M. Guskiewicz University of North Carolina at Chapel Hill Chancellor Kevin M. Guskiewicz and J. ...

ADVERTISEMENT

FOLLOW US ON TWITTER

Tweets by infoDOCKET

ADVERTISEMENT

This coverage is free for all visitors. Your support makes this possible.

This coverage is free for all visitors. Your support makes this possible.

Primary Sidebar

  • News
  • Reviews+
  • Technology
  • Programs+
  • Design
  • Leadership
  • People
  • COVID-19
  • Advocacy
  • Opinion
  • INFOdocket
  • Job Zone

Reviews+

  • Booklists
  • Prepub Alert
  • Book Pulse
  • Media
  • Readers' Advisory
  • Self-Published Books
  • Review Submissions
  • Review for LJ

Awards

  • Library of the Year
  • Librarian of the Year
  • Movers & Shakers 2022
  • Paralibrarian of the Year
  • Best Small Library
  • Marketer of the Year
  • All Awards Guidelines
  • Community Impact Prize

Resources

  • LJ Index/Star Libraries
  • Research
  • White Papers / Case Studies

Events & PD

  • Online Courses
  • In-Person Events
  • Virtual Events
  • Webcasts
  • About Us
  • Contact Us
  • Advertise
  • Subscribe
  • Media Inquiries
  • Newsletter Sign Up
  • Submit Features/News
  • Data Privacy
  • Terms of Use
  • Terms of Sale
  • FAQs
  • Careers at MSI


© 2023 Library Journal. All rights reserved.


© 2022 Library Journal. All rights reserved.