Posted by Glen Sears | December 7, 2015 11:04 am | No Comments
Story of the Week
Consumer Spending On Digital Music Actually Fell In 2014 (Yes You Read That Right)
Though the drop was small – 1% – it was still nonetheless a drop at a period when digital spending should be booming.
In some key markets the consumer spending decline was significantly larger, such as a 3% fall in the UK. Of course, overall digital music revenue grew globally in 2014 but all of that growth came from the 37% increase in digital music B2B revenues, such as advertising income and telco bundles. In short, the music industry is getting better at selling to businesses and worse at selling to consumers in the digital arena.
Read more on the Midia Blog: http://bit.ly/1TU2ElI
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MediaNet is proud to have supported Songza from its early startup days, powering the backend of the Songza Platform with our catalog and streaming services, helping it grow to the scale and popularity it attained on the Web and with its mobile apps. We look forward to the impact its industry-leading, human-curated playlists will have on Google Play. See our many customers here.
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