THE DIGITAL WORLD IS FLAT
Billboard reports: Early results of 2014 recorded music revenues from eight countries suggest the record industry won’t have a global recovery as much as an uneven series of regional and country-specific recoveries.
A country could have had a successful year in spite of a neighboring country posting an annual loss. Such is the nature of a business delineated by languages, cultures, politics and commercial boundaries.
The eight markets profiled below have experienced various levels of forward progress, but all are in the midst of change. Their average rate of growth in streaming revenues, 61.4 percent, is a signal of this transition. Yet these countries also averaged a 1.1-percent decline in total revenue and an 18.4-percent drop in physical revenue. Click on the link below to read more…
Author: Glenn Peoples, Billboard
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