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australia’s recorded music market posts highest annual growth since 1996

australia’s recorded music market posts highest annual growth since 1996 Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



australia’s recorded music market posts highest annual growth since 1996

fueled by streaming services spotify, apple music, deezer and others, australia’s recorded music industry last year enjoyed the sort of double-digit growth not seen since the glory days of the 1990s. aria on monday announced the market grew by 10.5% in value last year to a$391 million ($303 million), thanks largely to the “continued consumer uptake” of streaming services. this leap in annual wholesale value was the largest australia’s industry has experienced since 1996.streaming is now a big business down under. last year, revenue from streaming services topped a$213 million ($165 million), up 55% from a$137 million ($106 million) the previous year, and generated the largest slice of the overall market (54%) for the first time. th...