Sweden, home of Spotify's Daniel Ek, is leading the way in digital music with digital now accounting for 63.5% of all music revenues - and streaming accounting for a whopping 89% of digital music sales and with labels now seeing seeing impressive royalty payments coming in from streaming, mainly from Spotify. Universal Music Sweden MD Per Sundin said that the major was back at "the same revenue levels as during 2004, and if the development continues in the same way we'll be back on turnover similar to those during the 'golden days' of the CD in just a few years"
No comments:
Post a Comment