iTunes revenues slip 14% worldwide

Having seen US revenues peak last year, it seems  iTunes worldwide revenues are now sliding, and are down 14%, as the as the shift from downloading to streaming escalates. The Wall Street Journal cited insider knowledge that seemingly confirming the consensus that the US drop year on year is now being matched around the world.

And Deezer announced on Friday that it had acquired US-based podcast app Stitcher in a deal that will bring a big library of radio-style content into the streaming music platform.