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79 per cent of music sales are streamed

Published tisdag 3 februari 2015 kl 15.53
Vinyl accounts for about 2 per cent of the market. Photo: Vinyl, Steve Snodgrass (www.flickr.com/photos/stevensnodgrass/) licens CC BY 2.0
Vinyl accounts for about 2 per cent of the market. Photo: Vinyl, Steve Snodgrass (www.flickr.com/photos/stevensnodgrass/) licens CC BY 2.0

Music sales in Sweden continued a stable recovery in 2014 with vinyl records making a comeback.

Digital sales account for 83.8 percent of all music sales, with 79.2 percent coming from streaming services, an almost 11 percent rise on 2013, and the highest percentage in the world.

CD sales continued to decline, falling by 33.8 percent from SEK 229 million to SEK 159 million. That's 15 percent of the total market.

The fashion trend for vinyl continued with an increase of 45.6 percent on the year before ( SEK 20.7 million) but that still only accounts for 2.1 percent of total music sales.

Ludvig Werner, is the managing director of the Swedish branch of IFPI, the business organisation for the record companies. He tells Radio Sweden that the music industry in Sweden is healthy.

"I think we can say that the consumers' enthusaism for listening to music is increasing and we see that with the income from streaming, which is still increasing, by 11 percent last year."

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