The music sector has licensed an unprecedented number of digital services and has developed many new business models. Over the past few years, Europe’s digital music market has boomed, with music joining the video games sector as a leading digital content provider, driving consumer take-up of legitimate online services and the take-up of new technologies, from broadband subscriptions to the purchase of smartphones and tablets. Music also fuels social media: 9 of the 10 most like people on Facebook, 9 of the top 10 YouTube videos and 7 of the 10 most followed people on Twitter are artists.
Today, EU consumers have access to over 37,000,000 tracks across over 230 legal digital services. These services offer unparalleled choice to consumers in the EU, with many different ways to consume music, including downloading, ad supported or subscription streaming, online radio and cloud storage.
Via Yvan Boudillet