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Digital music sales could be slipping because of streaming radio

Pandora and Spotify could have major ramifications for Amazon, Apple, and other music sellers

| Audio, Sound & Speakers News | Posted: Feb 13, 2014 11:25 am

Streaming music services such as Pandora could be putting a dent into digital album sales, with music listeners enjoying a cheaper and wider selection to music. Copyright groups, providers and consumers are still fighting through a complicated royalty battle that has left all sides disappointed through various periods.

 

TweakTown image news/3/5/35420_01_digital_music_sales_could_be_slipping_because_of_streaming_radio.jpg

 

Digital album sales finally passed CD and physical album sales in 2011, but digital music sales dropped in 2013, as Amazon, Apple and other companies will need to fight for consumer attention. It's not all bad news for music vendors, however, as 50 percent of streaming music subscribers also purchase at least one album's equivalent in digital downloads each month, according to research group Nielsen.

 

Online music is coming upon an interesting crossroads, with Beats Music jumping into the crowded streaming music market, while Deezer decided to shutter.

NEWS SOURCE
Fool.com

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