Download revenues continue to rise, but streaming revenues are starting to take up a surprising portion of digital revenues.
Beggars Group founder and chairman Martin Mills told the Guardian that 22% of the label group's digital revenues came from streaming in 2012 and the majority of its artists now earn more from streaming than from downloads. Those numbers may have surprised some people, and they're proof the industry is doing a better job at monetizing consumers' love for streaming media.
Look at streaming revenue's share here in the U.S. In my recent post " A Better Look at the Digital Pie," I estimated 2012 U.S. revenues for digital tracks, albums, subscriptions and performance royalties based on RIAA data through 2011 and rough estimates on the growth of the market last year. Based on those estimates, here are the shares of the digital revenue for each of the four categories: