This digital music evolution chart explains how digital global sales have changed throughout the past 10 years. With the introduction to new ways of acquiring music, digital music sales are now coming from different mediums. Over the past decade, the industry has been experiencing pop stars rising dramatically with as little as one single.
Global digital music revenue reached $400 Million in 2004 and a new report from IFPI shows that revenue had increased to $5.9 Billion in 2013. IFPI is a nonprofit organization that represents the recording industry on a worldwide scale. The reason why the music industry has gained so revenue over the past 10 years is because of downloads. People now have the ability to download whatever they want.
In 2013, global download revenues declined by 2.1 percent. Subscription-based and ad-supported streaming revenues grew 51.3 and 17.6 percent.
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Digital Music Evolution Charts
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