Latest News

Back to Latest News back

 

Online streaming behind music industry’s revenue turnaround

Online streaming behind music industry’s revenue turnaround
April 12, 2016

The Australian music industry's revenues have risen for the first time in three years, driven by a doubling of income from music streaming services.

Just released figures from the Australian Recording Industry Association (ARIA) show a 5% increase in the value of Australian recorded music in 2015, the first upwards trend the industry's had in its wholesale figures since 2012.

The turnaround has been driven by a continued uptake in digital streaming, which now accounts for 62% of the overall market.

While the value of subscription-based digital streaming services, including services like Spotify and Apple Music, doubled from $23 million to $46 million, digital downloads and CD sales continued their decline.

Digital downloads went down by almost 13%, while CD sales fell 4%, notably less than the 18% decline in 2013.

ARIA's statistics also showed vinyl sales increased by 38% in 2015.

Online services have come under fire from big name artists - including industry heavyweights like Taylor Swift, who say they are not paying enough royalties to artists.

A recent analysis by Death and Taxes showed Spotify paid $0.00521 per song stream which gets to artists via record labels and licensing organisations.

In the Australian music scene, most artists feel the exposure is worth it, despite the lack of pay per stream.

Al Grigg from indie band Palms does not know how much revenue he makes from Spotify, but estimates it is miniscule.

Grigg told the ABC’s triple j “even if it's a tiny royalty, it's probably better than people just downloading it for free.

"More people are hearing the band, and maybe then more people are liking the band, and they will buy a ticket and come and see you play live or they might buy a T-shirt, and then you are making your money that way."

Dan Nevin from Australia's independent music companies trade body AIR said working out how to maximise that exposure on streaming services was difficult.

Nevin added “it's great that independent artists can have their music found on a service that also has the biggest artists in the world, that is a fantastic thing.

"The flip side to that is the whole discovery element. How do we get opportunities on these big multinational streaming services?"

29th November 2015 - SOCIAL MEDIA IMPACTS MASS PARTICIPATION SPORTING EVENTS

13th October 2015 - GOODLIFE HEALTH CLUBS PARTNERS MUSIC STREAMING START-UP GUVERA

21st September 2015 - AVERAGE AUSTRALIAN SPENDS JUST OVER $20 PER YEAR ON MUSIC

13th August 2015 - LIVE MUSIC WORTH OVER $15 BILLION TO AUSTRALIA IN 2014 


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

GLADSTONE MRM

Gladstone Health & Leisure (Gladstone MRM Pty Ltd Australia) is a leading supplier of leisure management and fitness software and is endorsed by leading health and fitness professionals and…

read more

Access / Billing / Fitness / Technology / Venues

 
 

TJS Services

TJS Services is a leading national facility services provider. We deliver quality cleaning, maintenance, construction and facility management services to over 1,500 sites Australia wide.  Our…

read more

Hospitality / Retail / Venues

 
 

SENtag

Developed in Europe, this innovative system offers a safety management solution for swimming pools that checks individual swimmers via their wristband - monitoring their depth and time. Sensors…

read more

Aquatics / Hospitality / Safety / Technology / Waterparks

 
 

Polin Waterparks

Polin was founded in Istanbul in 1976, and has since grown into a leading company in the waterparks industry. Today Polin is one of the world leaders in the design, production, and installation of…

read more

Aquatics / Attractions / Play / Waterparks

 
 

HQH FITNESS

HQH Fitness is an international company that specialises in improving the health, fitness and wellness of people everywhere. We are the South Pacific distributors for Total Gym/GRAVITY Education and…

read more

Fitness / Recreation / Technology / Wellness

 
 

ICP

ICP is an Australian-based company focused on indoor climbing. ICP will manage your project from initial design to completion and beyond, whether you're building an international-level climbing…

read more

Attractions / Fitness / Recreation

 
 

VIVATICKET

As of the 1st July 2018, Enta Australasia Pty Ltd/Best Union has been rebranded as VIVATICKET Pty Ltd.  19th July 2018 - ENTA AUSTRALASIA REBRANDS AS VIVATICKET 17th October 2016…

read more

Attractions / Entertainment / Sport / Ticketing / Venues

 
 

AEROBIC MICROPHONES AUSTRALIA

Aerobic Microphones Australia provides audio products for the fitness industry. Products include the sweat resistant Cyclemic and Aeromic headworn microphones and pouchbelts that are made in…

read more

Fitness / Technology

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business