The data, shared this morning with Digital Music News by global recording organization IFPI for the year 2013, shows the following:
1. Streaming revenue has now surpassed $1 billion worldwide, a year-over-year growth rate of 51.3 percent.
2. Digital downloads still account for 67 percent of all revenues. In 2013, downloads started declining for the first time ever.
3. There are now 28 million paying subscribers of subscription streaming services, up from 20 million in 2012.
4. There is not yet one subscription or streaming service that is profitable.
5. Subscription and advertising-supported streams now account for 27 percent of all digital revenues, up from 14 per cent in 2011.
6. Subscription and advertising-supported streams still account for just 6.7 percent of the overall recorded music market.
7. Of that number, Spotify counts 6 million paying subscribers, Deezer 5 million paying subscribers, Muve Music has more than 2 million, and Rhapsody (including Napster) reports more than 1 million. The remaining are unspecified.
8. Despite drops in downloads, the digital music market grew 4.3 percent, also worldwide.
9. The broader recorded music industry (which includes CDs, vinyl, downloads, and streaming) dropped 3.9 percent to $15.0 billion, worldwide.
10. Revenues in Japan, recently ranked as the largest market in the world for recorded music, dropped 16.7 percent as physical and ringtone products plunged.
11. The US recorded music market grew by 0.8 percent, according to the estimate. Europe also gained for the first time in a decade, but the IFPI did not specify by how much.
Written while listening to John de Sohn on Rdio.