Music Streaming Accounts for Nearly Three Quarters of Music Sales in Sweden

by Kathy Jones on  July 22, 2013 at 11:39 PM Lifestyle News
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Music streaming has become one of the most popular forms of listening to music in Sweden with the technique accounting for more than 70 percent of all music purchased in the country.
 Music Streaming Accounts for Nearly Three Quarters of Music Sales in Sweden
Music Streaming Accounts for Nearly Three Quarters of Music Sales in Sweden

The Swedish Recording Industry Association (GLF) said physical sales of music now stood at just 25 percent, confirming the march of digital music in the pioneering country.

The remaining five percent of consumers downloaded music to own on a hard drive.

GLF said the percentage of streamed music, where songs are downloaded but not kept permanently on computers, had risen from 57 percent in 2012.

Sales of music overall grew by 12 percent in the first half of this year and have been increasing steadily since 2008, while not reaching the heights seen at the beginning of the last decade.

"The strong growth seen in 2012 continued in 2013, and the Swedish consumer's preference for streaming is clearer than ever," said Ludvig Werner, director in Sweden of the International Federation of the Phonographic Industry.

Source: AFP

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