Latest IFPI Global Digital Music Report: Streaming Subscribers Now At 41 Million
The IFPI, the organization that represents record companies across the globe, just released its annual Global Digital Music Report showing that worldwide digital music sales equaled physical sales for the first time. Digital revenues grew 6.9% last year to $6.9 billion USD, which represents 46% of total revenue, exactly the same as physical sales of CDs and vinyl. […] The IFPI report estimates that a full 20% of Internet users still visited unlicensed music P2P file sharing networks, cyberlockers and aggregators, down from 26% in 2013. It’s entirely possible for that number to increase again if a free streaming option is no longer available, making music piracy once again a front burner issue. – Bobby Owsinski, Forbes
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