As many predicted, the age of streaming music has hurt digital downloads, whose decline continues to accelerate. (In the UK, for example, digital album sales are nowofficially falling faster than the CD.)
Most Western music streaming companies look at China as sort of a golden goose. It’s not laying any eggs at the moment, but you think that one might come at any time. That goose may be stolen even before it makes its first deposit though, as the Chinese mega-company Alibaba recently announced ...
Halfway through 2015, some countries' recorded music markets are receiving positive report cards. Mid-year revenue numbers from a handful of countries show streaming revenue drove growth in recorded music revenues, gains possible because declines in CD and download revenues were modest and manageable. Countries yet to release revenue data may not have had the same success.
The internet may have destroyed the old music business, but its impact on the music media industry has been even more lethal. As magazines shifted to the Web, overall U.S. print sales dropped more than 56 percent between 2004 and 2014 (according to trade publication The New Single Copy) and advertising moved to online units that sell for a fraction of the price of an old quarter-page.
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