Digital music report reflects a change in how we listen
On a global scale, digital music purchases are now on par with purchases of CDs and other tangible music items, according to The International Federation of the Phonographic Industry (IFPI)'s digital music report, released on Tuesday.
Overall, industry revenues have dropped by 0.4 percent to $14.97 billion dollars in 2014, however, digital music revenues rose 6.9 percent to $6.9 billion, which represents 46 percent of global music sales, according to the report.
Subscriptions to services like Spotify and Deezer rose by 39 percent, while download sales declined by eight percent, says the report.
The number of individuals subscribing to these services rose 46.4 percent to an estimated 41 million, according to the report.
