Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Digital music services top earners for NZ artists

Digital music services top earners for NZ artists

Recorded Music NZ releases wholesale figures for 2013

• Digital music revenues now make up 51% of revenue by format at 27.9 million
• Streaming revenues have tripled and are now 9% of total revenue by format
• Digital album sales rose by 3%
• Vinyl album sales up 29%
• Phenomenal year for local NZ releases. NZ Singles and Albums up significantly

Recorded Music NZ, the industry representation and licensing organisation for recording artists and their labels, today (31 March) released its wholesale figures for the New Zealand recorded music industry in 2013.

Digital music services are now the number one source of revenue for rights owners accounting for 51 per cent of all music sales by format, overtaking physical music products for the first time.

2013 was also a year of massive growth for streaming services and adoption by Kiwis. Music streaming revenues have tripled since 2012 and now make up approximately nine per cent of all revenues by format. There was also modest growth in digital album purchases an increase of three per cent in 2013.

Whilst increases in digital revenue fell short of countering the decline in physical album purchases (down 24 per cent), vinyl sales - accounting for only a small fraction of the overall revenues - were up 29 per cent in 2013.

This transition period experienced by the NZ Recorded Music industry in 2013 resulted in a decrease of 9.84 per cent in annual recorded music revenues.

Recorded Music NZ CEO Damian Vaughan is encouraged that the local recorded music industry is in a very strong position by which to prosper in this new environment.

“Music is always at the forefront of technology and as our industry is in a state of transition it’s encouraging to see the rapid growth and take up of streaming services by New Zealanders,” says Vaughan. “While our industry adapts and evolves, it’s quite clear that in 2014 there are multitude of ways to access and consume music – whether it is streaming, purchasing downloads or visiting the local record store.”

Further information regarding the legal music and download services available to New Zealanders can be found at www.promusic.co.nz

Recorded Music NZ Chairman Chris Caddick is also buoyed by the passionate support for local music and the exciting year ahead.

“The value of music to the NZ economy and cultural landscape is significant. As the Kiwi music fan embraces the digital landscape, it’s clear that support for NZ Music is very strong which mirrors the phenomenal list of releases that our local artists produced in 2013,” adds Caddick.

Recorded Music NZ has previously released its end-of-year NZ Top 40 Charts results for 2013 which are summarised below.

2013 Album and Singles Charts

2013 Top Selling Singles
TitleArtist
1Blurred LinesRobin Thicke feat. TI And Pharrell
2RoyalsLorde
3Just Give Me A ReasonPink feat. Nate Ruess
4RoarKaty Perry
5ImpossibleJames Arthur
6Let Her GoPassenger
7RadioactiveImagine Dragons
8Wake Me UpAvicii
9Get LuckyDaft Punk feat. Pharrell
10When I Was Your ManBruno Mars

2013 Top Selling Albums
TitleArtist
1Sol3 MioSol3 Mio
2Pure HeroineLorde
3Unorthodox JukeboxBruno Mars
4The Truth About LovePink
5The Love Club EPLorde
6PlusEd Sheeran
7Midnight MemoriesOne Direction
8PrismKaty Perry
925 Years: The Chain Box SetFleetwood Mac
10BlackbirdFat Freddy’s Drop

2013 Top Selling NZ Singles
TitleArtist
1RoyalsLorde
2Take It EasyStan Walker
3Tennis CourtLorde
4BonesGinny Blackmore
5It's Worth ItJackie Thomas
6BulletproofStan Walker
7TeamLorde
8Walking On WaterBenny Tipene
9In ColourShapeshifter
10Runnin'David Dallas

2013 Top Selling NZ Albums
RankTitleArtist
1Sol3 MioSol3 Mio
2Pure HeroineLorde
3The Love Club EPLorde
4BlackbirdFat Freddy's Drop
5DeltaShapeshifter
6Beautiful Lady: The Very Best OfPatsy Riggir
7Jackie ThomasJackie Thomas
8The Very Best Of: 1973 - 2013Suzanne Prentice
9Six60Six60
10The Complete CollectionStan Walker

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news