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Sweden’s Music Biz Streams Success

Photo credit: IFPI

In the United States, industry revenue from digital downloads far exceeds that generated by subscription streams. But in Sweden, formerly known as a hotbed of online piracy, the situation is reversed, with subscription streaming now providing 91% of music revenue versus just 9% from downloads. South Korea, Finland, and Norway also have strong subscription streaming revenues that far outpace download revenues.

The international average has 13% of revenue coming from streaming. Currently 57% of recorded music sales come from physical product (such as compact discs), which is down 74% in the past five years.

The full story is available on the BBC website. The source for the figures cited is the IFPI (International Federation of the Phonographic Industry), an international recording industry group comprising 1,400 record companies and other affiliated industry associations.

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