From Digital Music News:
That’s according to research just shared by top industry analyst Mark Mulligan, who found that streaming revenues are just 12 percent of the broader, digital, global pie. In turn, digital formats now account for 34 percent of global recording revenues, according to the IFPI figures for 2012 (see p.6).
All of which means streaming accounts for about 4 percent of overall, global recording revenues. “It’s not so much the fault of the Spotify model, but streaming in many ways just isn’t ready for mainstream,” Mulligan told an audience at SXSW.
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