Earlier this month, Norway showed startling 17% growth year-on-year for the first half of 2013, with streaming now accounting for 66% of all recorded-music revenues there. This, on top of 7% year-on-year growth for 2012 as a whole. Now it’s Sweden’s turn for some updated figures.
Swedish music industry body GLF has announced its first-half numbers today. Total recorded-music revenues are up 12% year-on-year to SEK 499.4m (around $76.4m).
Digital accounted for 75% of those revenues, and streaming now accounts for 94% of that digital income. Physical sales fell by 24% in the first half of 2013 (although vinyl was up 50% as part of that) and downloads were down 20%.
Or, in summary: streaming music HAS cannibalised downloads in Sweden, but grown the overall pie again, although the growth in the first half of 2013 is slightly down on 2012 as a whole, when recorded-music revenues rose by 13.8%.
In that year, digital was 63% of all revenues, with streaming accounting for 90% of digital income, as a comparison.