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Revenues from music streaming now account for 83% of recorded music sales in Norway

During the first half of 2016, the Norwegian music industry clocked up 333 million NOK ($40.3m) from music sales, up from 309m NOK ($37.4m) in H1 2015. 

Revenues from music streaming now account for 83% of recorded music sales in Norway – up 3% year-on-year – as total music sales rise by 7.8% in H1 2016.

Norway’s recorded music market is on course to top its growth last year, when it was up 6.9% to NOK 646m ($74.3m) – a return to growth after the industry flatlined in 2014.

Streaming income continues its year-on-year growth, up 30m NOK from 248m NOK ($30m) to 278m NOK ($34.6m) year-on-year.

During the same period from 2014 to 2015, that number rose 28m NOK ($3.4m).

Downloads are significantly down, falling 32% to 14m NOK ($1.7m) from 21m NOK ($2.5m) in 2015. They account for 4% of the turnover of music in Norway, down from 7% last year.

Via