MI2N
Music Industry News Network
WEDNESDAY, JANUARY 18TH
Advanced Search
MusicDish Advertising Network
HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Business News (more headlines) 09-05-2012

Music Feels The Benefit Of Bundling As Ovum Predicts Subscriptions To Drive 15% Growth In Digital

Bookmark and Share
The global digital music market is expected to grow at 15 percent annually, reaching nearly USD$22.5 billion by 2017, according to global analyst firm, Ovum. Revenue is being boosted by subscription services, predicted to show a strong compound annual growth rate (CAGR) of 46 percent, much of it on the back of bundling partnerships with service providers.

New forecasts* from the global analyst firm reveal growth across most regions, except North America and Europe, where mobile music is expected to decline by 5 – 7 percent (excluding unlicensed, non-music, and mobile subscriptions) as ring back tones fail to make up for the decline in ringtones.

Mark Little, Ovum's consumer telecoms analyst, explains: "The decline in the growth rate of mobile music from previous forecasts is mainly due to the underperformance of ringback tones, the dominance of free ad-supported music, and data costs that are making over-the-air (OTA) mobile music less appealing to consumers."

While mobile music is having a rough ride (particularly in the west), consumers are recognising the benefits of the subscription model, being able to access tens of millions of streamed songs for the price of a CD every month rather than owning individual downloads. Telcos are helping to drive subscription growth with mobile music bundles, leading to significant growth in South & Central America, for example, with over 50 percent CAGR.

Little foresees, "In Asia Pacific, growth created by consumers migrating to subscription services such as Lismo Unlimited from KKBOX in Japan will result in a regional CAGR of 44 percent. With Spotify landing in the US, joining Rhapsody, Sony Music Unlimited, Rdio and MOG, such brands are helping reinvigorate on-demand subscriptions, and we estimate a 40 percent CAGR over the forecast period."

Little concluded: "We expect the main driver of digital music in the forecast period to be subscriptions, because it is a format that can be easily bundled by service providers, as well as offered directly, resulting in increased penetration of subscriptions around the world".

Bookmark and Share

back | top



MusicDish Advertising Network

Mi2N Music PR

Versatile Haitian American Singer/Songwriter Natalie Jean Releases New Dance Remix

Troy Ave. Featured On New Single 'Crooklyn To Wacocaine' By Hustler E From 'Wacocaine' Fame On Wacocaine 5 Album

Killer Tracks Releases "Tray Dahl & The Jugtime Ragband"

Gig Performer Software Elevates Live Performing Experience Providing Complete And Effortless Control Over A Live Music Rig

Toronto's K-Slick Realeases New Music Video

Singer/Songwriter Katie Garibaldi Original Christmas Song Out Now!

Anthony Caceres Releases Smooth Jazz Single "A Very Special Christmas"



MusicDish*China Song Blast
Promote Your Music Single In China

News Headlines
Mi2N EDITOR'S PICKS
» UK Live Music Industry Calls For Change In Licensing Laws For Entertainment Events
» Audials Music Rocket – The New Alternative To Streaming Music
» Billboard Names REPUBLIC RECORDS #1 Label Of 2016
» NMPA And YouTube Reach Agreement To Distribute Unclaimed Royalties
» DIGITALRADIOTRACKER TRACKS INTERNET RADIO SPINS
» AMPAL Elects BMG Australia Managing Director Heath Johns To Its Board Of Directors
» ASCAP Relaunches Website And Member Portal
» Legendary Musicians And Music Executives To Be Honored At Heavy Metal Hall Of Fame
» WARNER/CHAPPELL PRODUCTION MUSIC DEBUTS “COLOR TV” AND “ELBROAR” CATALOGS
» The Watters Win Indie Award


Get your music news covered...
Have your press release written
by the pros at Mi2N

Articles
MUSICDISH E-JOURNAL
» The Wu-Force Self-Titled Debut EP Out For Lunar New Year
» Grammy Museum Plans International Expansion In China
» Midem Artist Accelerator Call For Entries Open
» DPA Microphones Launches New Chinese Website
» Mercedes-Benz Extends Naming Rights Partnership For Mercedes-Benz Arena In Shanghai
» MusicDish*China Caps Busy 2016 Music Touring Season Across China
» Second Hand Rose In 2016 - Bringing Chinese Rock Into The Mainstream
» Fulcrum Acoustic Appoints Ease Audio Group As Distribution Representative For China
» Black Kirin Opens 2017 With New Members At Beijing's Yugong Yishan
» World Creators Forum Held In Beijing
» Jungle Boogie - Outline Sound At South China's Top EDM Festival
» VersusMedia Launches New Website For Its Film Music Service

Mi2N's Music PR distribution service guarantees online exposure for your press release. Choose from seven (7) different packages.


HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Copyright © 1997-2017 MusicDish LLC, all rights reserved. Text, graphics, and HTML code are protected by US and International Copyright Laws, and may not be copied, reprinted, published, translated, hosted, or otherwise distributed by any means without explicit permission.