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Why Google Started Streaming Music

Source: Motley Fool | May 18 2013, 12:55pm CDT

Adam is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited. Google (NASDAQ: GOOG) unveiled a slate of new upgrades on Wednesday at its I/O confere ...

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"We've had a thesis building here that says TV ad budgets are going to migrate online. If that's true, YouTube and Google are the biggest beneficiary of it."

Source: CNBC

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One fifth of British music consumers have gone digital

Feb 7 2013, 11:28pm CST | by Luigi Lugmayr

London, Feb 8 (IANS/EFE) Roughly one in five music buyers in Britain get all of their tunes via downloads and streaming, the British Phonographic Industry says in a report.

Nearly 28 percent of the UK population purchased downloads or streaming content last year, according to the study, Digital Music Nation 2013, which was released Thursday.

Goyte's "Somebody That I Used To Know", was the most-streamed cut of 2012, while BPI estimates the value of the British market for streamed content at 49 million pounds ($75.88 million) annually.

Eighty percent of consumers know of at least one streaming audio service, and 68.8 percent are familiar with market leader Spotify.

All but 7 percent of streaming audio subscribers told EMI's Music Consumer Insight Team they are satisfied with the service they receive.

"Labels are striking innovative new deals with mobile networks, hardware manufacturers, app developers and start-ups," BPI Chief Executive Geoff Taylor said.

"The music fan will be the clear winner, as digital services evolve to deliver even richer music experiences via super-fast broadband and 4G to tablets, smart TVs and the next generation of in-car audio," he said.

--IANS/EFE

IANS

Source: IANS

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Luigi Lugmayr
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

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London, Feb 8 (IANS/EFE) Roughly one in five music buyers in Britain get all of their tunes via downloads and streaming, the British Phonographic Industry says in a report.

Why Google Started Streaming Music

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"We've had a thesis building here that says TV ad budgets are going to migrate online. If that's true, YouTube and Google are the biggest beneficiary of it."

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One fifth of British music consumers have gone digital

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London, Feb 8 (IANS/EFE) Roughly one in five music buyers in Britain get all of their tunes via downloads and streaming, the British Phonographic Industry says in a report.

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Quote: "We've had a thesis building here that says TV ad budgets are going to migrate online. If that's true, YouTube and Google are the biggest beneficiary of it."

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One fifth of British music consumers have gone digital

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Quote:
"We've had a thesis building here that says TV ad budgets are going to migrate online. If that's true, YouTube and Google are the biggest beneficiary of it."