Music sales in the network for the first time exceeded the income from audio on physical media

TASS, April 24. Income services, audio streaming, such as the Swedish company Spotify and the Apple Music American for the first time exceeded the sales of music on physical media.

About it it is told in published on Tuesday a report by the International Federation of the Phonographic (IFPI).

“For the first time, intangible sales (that is, not on physical media) 54% of the total world market”, – stated in IFPI.

According to the report, in 2017 the revenues of online music services amounted to $17.3 billion

It is noted that the number of subscribers using paid services streaming services is 176 million people.