Subscriptions woo fans back from pirated music: Industry
Published on Mar 19, 2014 7:24 AM
LONDON (AFP) - Fans are increasingly willing to pay for digital music through subscription streaming services rather than downloading it illegally for free, according to an upbeat report published on Tuesday.
Revenues from services such as Spotify or Deezer rose 51 per cent in 2013, breaking through the symbolic US$1 billion (S$1.26 billion) barrier for the first time, according to music industry group IFPI's annual digital music report.
More than 28 million people worldwide now pay a regular fee to access a library of online music, up from just eight million in 2010, "many of whom appear to be shifting from pirate services to a licensed music environment", the report said.
Research in Sweden showed nine out of 10 subscription-paying users of Spotify downloaded illegally less often, according to IFPI.
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