Music revenue from the sale of physical media in South Africa declined by almost 29% between 2015 and 2016, the International Federation of the Phonographic Industry (IFPI) told MyBroadband.<\/p>\n
In 2016, record companies in South Africa earned $17.5 million (\u00b1R230 million), down\u00a0from $24.6 million (\u00b1R324 million) the year before.<\/p>\n
Digital sales in the past year amounted to $14.7 million (\u00b1R193 million), up from $13.1 million (\u00b1R172 million) in 2015.<\/p>\n
Streaming revenues in South Africa saw a 334.2% increase, from $1.877 million (\u00b1R25 million) to $8.15 million (\u00b1R107 million) year-on-year.<\/p>\n
This helped offset declines in sales of physical media, as well as song and album downloads.<\/p>\n
According to IFPI\u2019s data, physical revenues made up 52% of the South African market in 2015, while digital accounted for 28%.<\/p>\n
This changed in 2016, with physical sales decreasing to 39% of the market, while digital revenues \u2013 including downloads and streaming \u2013 made up 33%.<\/p>\n
\u201cThe South African market has been dominated for many years by physical sales, but they are declining rapidly,\u201d said Tracy Fraser, managing director of Warner Music South Africa.<\/p>\n
Digital is growing exponentially and there is still a lot of growth to come as smartphone penetration increases in South Africa, she said.<\/p>\n
\u201cStreaming is becoming very big for us, but it\u2019s still in its infancy.\u201d<\/p>\n
Apple Music is the largest streaming service in South Africa, with Google Play and Deezer\u00a0close behind, said Fraser.<\/p>\n
This article first appeared on MyBroadband<\/a><\/strong> and is republished with permission.<\/em><\/p>\n Music revenue from the sale of physical media in South Africa declined by almost 29% between 2015 and 2016, the International Federation of the Phonographic Industry (IFPI) told MyBroadband.<\/p>\n","protected":false},"author":226,"featured_media":117151,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_enabled":true,"_sma_x_custom_text":"","_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[9],"tags":[24317,24321,24319,2163],"class_list":["post-117149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-cds","tag-music-industry","tag-physical-media","tag-south-africa"],"_links":{"self":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/117149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/comments?post=117149"}],"version-history":[{"count":1,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/117149\/revisions"}],"predecessor-version":[{"id":117153,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/117149\/revisions\/117153"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media\/117151"}],"wp:attachment":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media?parent=117149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/categories?post=117149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/tags?post=117149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Now read: The massive rise of streaming music in South Africa<\/a><\/strong><\/h4>\n","protected":false},"excerpt":{"rendered":"