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Streaming Drives 12% Revenue Gain in Sweden

Scandinavia continues to be the place where digital music’s future is best taking shape.

IFPI Sweden released figures Sunday that show gains in streaming led to a 12% gain in recorded music revenues in the first half of the year. A week and a half ago we learned that streaming had helped drive a 14% gain in recorded music revenues in Norway.

Streaming revenues gained 39% to $41 million and accounted for 75% of total revenue and 94% of digital revenue. Physical sales fell 24% to $13.8 million and represented 25% of total revenues.

Read the full story: Billboard