An increasing number of people buy music online

More and more pay to buy music onlineYoung blonde woman lying in the grass and listening to music. Photo: Frank May / NTB scanpix

Last year, for the first time, more money was made on streaming and digital music downloads than on the purchases of discs and records and other physical formats, according to figures from the industry organization IFPI.

In 2015 the amount of money made on music purchases was 123 kroner, an increase of 3.2 percent from the previous year,  International Federation of the Phonographic Industry informs.
The last time the income in the music industry increased this much  was in the late 1990s.
The different streaming services increased their income with 45.2 per cent in 2015, compared with the previous year and those services had around 68 million subscribers in total at the end of last year.
This means the streaming services made almost as much money as iTunes and others selling music downloads over the Internet.

 

Source: NTB scanpix / Norway Today

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