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Spotify dominates Swedish music sales

Published söndag 21 juli 2013 kl 17.14
The end of the road for the music shop? Photo: Jack Mikrut/Scanpix

Sweden's Spotify company is a world leader in streaming music, and the latest figures show that Swedes are eager to get their music on-line: 70 per cent of all music bought in Sweden is streamed, says the Swedish Recording Industry Association (GLF).

This is a boom for Spotify, with sales of music up by a third.

Only a quarter of all music bought in Sweden is now purchased on a physical format: CD, cassette or vinyl.

The head of the music business association Ifpi, Ludvig Werner, says to news agency TT they have been cautious with their predictions in the past, but now it is likely that music sales are on the up, and will rise by 8-10 per cent next year.

But this is still far below the all-time-high, when music sales were worth SEK 1.5 billion at the start of the 2000s. Now the value is only half a billion.

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