Streaming has overtaken physical to become Sony Music’s dominant source of recorded music income and is generating $25m a week for the major (the dollar value was converted from figures reported in Yen).
This is based on the company’s figures for the last financial quarter and analysed by MBW. (Streaming income includes revenue from ad-supported services such as YouTube.) Downloads continued to go, well, down for the company – slipping to 18.5% from a 23.4% share of total income in the same period 2015. Physical fell from 37.2% to 32.2% in the same period while the growth of streaming was considerable – jumping from 24.8% to 34.2%. It is not clear how streaming broke down between subscription income and ad-supported income, which would have made it clear just how (and if) the “value gap” is affecting the second largest major.
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With “fan communities” being on every artist’s team’s mind, we’re fans of the fact that…