MI2N
Music Industry News Network
SATURDAY, APRIL 19TH
Advanced Search
MusicDish Advertising Network
Subscribe to Mi2N's Free Newsletters B2N (business) i2N (indie)
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

The Philadelphia Orchestra In Shanghai - A Live Concert Streamed Globally

Taiwan Rock Band Io Homecoming Concert At Canadian Music Festival

A Festival Giving Back To The Men And Women Who Gave To Us

Rapper NazB Brings Greater Awareness Through His Lyrics On "Rape (Shame)"

Taiwan Announces First Ever Export Mission To Canada For Canadian Music Week 2014

Al Ca$ino, Too $hort, And Clyde Carson Drop Remixes For Hit Single, "Only For Tonight"

Dongless Eventide H3000 Factory And Blackhole Update Posted

Former Journey Frontman Robert Fleischman Releases New Album "Majestic" With Band The SKY On Skyzilla Music

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


News Headlines
Mi2N EDITOR'S PICKS
» GEMA Posts Positive Result For 2013
» Amadeus Releases The New ‘PMX 4’ Miniature Loudspeaker At Musikmesse
» PledgeMusic And Cleopatra Records Join Forces To Re-issue Van Morrison's The Complete 1967 Bang Sessions
» Audio-Technica Posts Online Video Series Exploring Mic Techniques In Real-World Applications
» Nokia MixRadio Reaches 30 Millionth Track Landmark
» Warner Music Japan Names Senior Management Team
» Bloom.fm Hits Million Users
» SOTX 2014, Developing Chinese And Western Music Industries
» Santana, Wyclef, Avicii & Alexandre Pires Selected For The Official Anthem Of The 2014 FIFA World Cup
» Three Days Grace, Guitarist, Barry Stock Launches MEAN Clothing Company


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

Articles
MUSICDISH E-JOURNAL
» Wooozy Offline #2: Bok Bok
» The Philadelphia Orchestra In Shanghai - A Live Concert Streamed Globally
» Taiwan Bands Join Canadian Music Festival (Chinese Version)
» MusicDish & Indiloop Present: The "Meet Taiwan" Remix Contest
» Pairs (Shanghai) New Album 'Brief Lesbian'
» Beijing Solo Acts GUIGUISUISUI And Thruoutin To Tour Taiwan
» A Festival Giving Back To The Men And Women Who Gave To Us
» Executive Wach: Berklee College Of Music, BMG, SOCAN, SESAC, Riptide Music Group, CISAC
» Taiwan Announces First Ever Export Mission To Canada For Canadian Music Week 2014
» Interview With C-pop Industry Veteran Billy Koh
» Taiwan's DJ Code To Play The LV Flagship Hong Kong Store In April
» SOTX 2014, Developing Chinese And Western Music Industries

Order an Mi2N Music PR package for an opportunity to submit a song for FREE to one of the hundreds of industry opportunities available through Music Xray


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 © 1997-2014 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.