17
Digital Audio
Ted Carlin, Ph.D.*
Why Study Digital Audio?
• There are more than 500 licensed music services worldwide enabling users to download, stream, or access music legally.
• It is estimated that more than 28 million people worldwide now pay for a music subscription, up from 20 million in 2012 and just eight million in 2010.
• Music fans’ growing appetite for subscription and streaming services helped drive trade revenue growth in most major music markets in 2013, with overall digital revenues growing 4.3 percent and Europe’s music market expanding for the first time in more than a decade.
• Revenues from music streaming and subscription services leapt 51.3 percent globally, crossing the $1 billion threshold for the first time. ...
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