Press Release: Digital Music Sales on the rise
Digital Music Sales are predicted to increase by 280% over the next five years as revealed by technology research and consulting firm Yankee Group.
The study predicts that
As physical CD sales decline, the balance of power between recording artists, record labels and consumers is shifting.
Bands are now seeking to retain greater ownership of their music thus marginalising the role of the record label.
The trend in the digital music sphere is towards greater revenues returning to the original artist. Increases in digital music revenues are therefore not all good news for record labels.
For recording artists, things have never been easier.
The cost of recording and distributing music is a fraction of what it once was and with the Idol phenomenon embedded worldwide, now everyone wants to be a star.
Brisbane-based digital distributor Musicadium is one company positioned to harness the power of the digital music revolution.
Unlike in traditional distribution models, Musicadium returns 100% of royalties to its artists and charges just a once-off upload fee of $39 for worldwide distribution.
The fusion of technological advances and booming online retailers like iTunes mean that it’s now easier than ever for artists to get their music to the world.
Director of Musicadium, Kley McPherson said they get emails everyday from artists all over the world who want to distribute their music digitally.
“As digital sales increase, it’s only going to be more vital for artists to start embracing the digital music revolution,” he said.
Indeed, the days of artists spending thousands to press just a few hundred CDs may soon be a distant memory.
“Physical sales still have their place, definitely, but the ease, cost effectiveness and rapid growth of digital distribution makes it hard too hard to ignore,” Mr McPherson said.
Media Contact:
Nick Crocker
Phone 07 3252 9962
Email: nick@musicadium.com
Web: www.musicadium.com
