Friday, 1 March 2013
iTunes accounted for 60% of total music industry digital revenues in 2012
Hypebot have got an interesting article about this here - http://www.hypebot.com/hypebot/2013/02/itunes-payments-account-for-60-of-total-digital-music-revenue-analysis.html
It's only a quick read but quite informative.
Point I want to bring up is that iTunes sold $4.3 billion of music in 2012. That's $4,300,000,000. That's roughly £2.9 billion. As a comparison, £2.9 billion would be 1/25th of the UK's entire retail sector.
Whichever way you look at it, that's a fuckload of money.
It certainly demolishes the "people don't want to pay for downloads" argument that's popular amongst DIY/indie labels that still refuse to offer downloads for sale.