Streaming Boom Stifles Music Downloads

from
,

A little more than 10 years after Apple opened the iTunes Music Store and shook the music industry, it appears as if music downloads are about to suffer the same fate that many other forms of music distribution have suffered. After global download revenues declined for the first time in 2013, the negative trend appears to continue in 2014. According to Nielsen’s mid-year music report, music downloads in the U.S. suffered double-digit declines in the first six months of this year, as music consumption continues to shift towards streaming.

Considering the most recent numbers, Apple’s $3 billion acquisition of Beats appears to make a lot of sense. If Apple wants to keep the dominant position in the music market it conquered with the iTunes Store a decade ago, the company needs to introduce a proper streaming service before Spotify and others run away with the market. Having acquired Beats Music, Apple doesn’t need to build a streaming service from scratch but can build on Beats’ alreadly solid product.



Infographic: Streaming Boom Stifles Music Downloads | Statista
Related Infographics
  • Music Industry
    Vinyl Comes Back From Near-Extinction

    This chart shows worldwide vinyl music sales since 1997.

  • Music Industry
    Music Streaming Revenues Overtake CD Sales In The U.S.

    This chart shows U.S. music industry revenues at retail value.

  • Digital Music Industry
    Digital Accounts For Nearly 70% of U.S. Music Revenues

    This chart shows the percentage of revenue the U.S. music industry generates from digital music distribution, namely downloads and streaming services.

  • Apple
    iTunes Spending Is on the Decline

    This chart shows estimated quarterly billings per user of Apple's iTunes and App Store.

More info on this topic
You may also be interested in...
Infographic Newsletter

Statista offers daily infographics about trending topics covering Media and Society.

Download & Reference

FAQ
Who may use the "Chart of the Day"?
The Statista "Chart of the Day", made available under the Creative Commons License CC BY-ND 3.0, may be used and displayed without charge by all commercial and non-commercial websites. Use is, however, only permitted with proper attribution to Statista.

Which topics are covered by the "Chart of the Day"?
The Statista "Chart of the Day" currently focuses on two sectors: "Media and Technology", updated daily and featuring the latest statistics from the media, internet, telecommunications and consumer electronics industries; and "Economy and Society", , which inlcudes current data from the United States and around the world relating to economic and political issues as well as sports and entertainment.

Can Statista create customized charts?
Absolutely! For information on tailor-made and sector-specific Charts of the Day, please contact Jan Ahrens
(jan.ahrens@statista.com).