- New Zealand's music market was worth $205 million in 2015, down from $225.9 million in 2011. Total music revenue is forecast to reach $223 million in 2020, rising at a 1.7 percent CAGR.
- In the space of five years, during which time Spotify, Apple Music, Tidal and many others have opened in New Zealand, digital music streaming revenue has grown from less than $1.5 million in 2011 to $34 million in 2015 and the figure should grow to $89 million in 2020.
- The business for digital downloads, however, is declining and by 2020 digital music downloading revenue will account for only 11 percent of total digital recorded music revenue.
- Physical recorded music revenue accounted for $66 million in 2011, a figure that fell to $28 million in 2015 and should recede further to just $10.6 million in 2020.
- Total recorded music revenue was measured at $91 million in 2015. By 2020 that sum is predicted to grow to $111 million, which is $15 million greater than the total from ten years earlier.
Wednesday, June 15, 2016
Digital vs physical
Via Stoppress, looking into the PwC report on media across the spectrum... Interesting to see that in less than 5 years time, digital downloads will pretty much be toast...