pie-chart-1

Over 100 million users have opted to use paid subscriptions globally, as streaming now passes 50% of total recorded music revenues. Widespread licensing of digital music services is now contributing to competition in the sector. In the report, IFPI CEO, Frances Moore said; “Realistically, for this growth to become sustainable, for investment in artists to be maintained and for the market to continue to evolve and develop, more must be done to safeguard the value of music and to reward creativity. For music to thrive in a digital world, there must be a fair digital marketplace. Artists and creators have spoken about the global ‘value gap’, whereby ‘safe harbour’ legislation dating from the Internet’s early days is being abused by user upload services such as YouTube, who are not licensing music on a fair basis. Gradually, policymakers are beginning to listen and legislation is being examined or proposed.”

Over 100 million users have opted to use paid subscriptions globally, as streaming now passes 50% of total recorded music revenues. Widespread licensing of digital music services is now contributing to competition in the sector.
In the report, IFPI CEO, Frances Moore said; “Realistically, for this growth to become sustainable, for investment in artists to be maintained and for the market to continue to evolve and develop, more must be done to safeguard the value of music and to reward creativity. For music to thrive in a digital world, there must be a fair digital marketplace. Artists and creators have spoken about the global ‘value gap’, whereby ‘safe harbour’ legislation dating from the Internet’s early days is being abused by user upload services such as YouTube, who are not licensing music on a fair basis. Gradually, policymakers are beginning to listen and legislation is being examined or proposed.”