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Media (R)evolutions: Streaming into the future - Digital music increases its global share in the industry

Davinia Levy's picture

New developments and curiosities from a changing global media landscape: People, Spaces, Deliberation brings trends and events to your attention that illustrate that tomorrow's media environment will look very different from today's, and will have little resemblance to yesterday's.

How do you get your music? This is such a relevant question nowadays, since there are many ways to enjoy our favorite melodies: Do you buy physical copies (i.e., CDs - or vinyl for the essentialists amongst us)? Do you download your songs and singles? Or do you stream it directly from the internet? The music market is constantly evolving, and the way we consume music has a large impact in the industry’s revenues.  

Last month, the International Federation of the Phonographic Industry (IFPI) launched its Global Music Report 2016, which outlines the state of the recorded music market worldwide. According to their own news release: “The global music market achieved a key milestone in 2015 when digital became the primary revenue stream for recorded music, overtaking sales of physical formats for the first time.”

Mark Mulligan, a media and technology analyst, put together in his Music Industry Blog, the following graph analyzing the numbers from the Global Music Report.

Media (R)evolutions: The Online Video Boom

Roxanne Bauer's picture

New developments and curiosities from a changing global media landscape: People, Spaces, Deliberation brings trends and events to your attention that illustrate that tomorrow's media environment will look very different from today's and will have little resemblance to yesterday's.

Video receives a lot of attention online. Over 1 billion unique users visit YouTube every month, and 1 in 5 Twitter users discover videos each day from tweeted links.

According to a report by Cisco, Internet traffic is expected to increase by 260% until 2018, and online video will be responsible for much of the growth.  The report forecasts that by 2018, global IP video traffic (does not include peer-to-peer filesharing) will account for 79% of all consumer Internet traffic and the sum all forms of video (TV, video on demand, Internet, peer-to-peer sharing) will account for 80-90% of global consumer traffic.