Digital business will overtake CDs next year

Frank Briegmann, the head of Universal Music, expects the digital music business to surpass revenue from CD sales for the first time next year.

cd-864402_1920

"Twelve years ago, digital had a market share of just one percent, next year we may reach 50 percent," Briegmann told the Frankfurter Allgemeine Sonntagszeitung. Above all, the use of music on mobile devices such as smartphones is increasing immensely. The pop industry is reaching the next generation in children's bedrooms earlier and earlier, Briegmann continued. "Children are switching from children's songs to pop earlier and earlier. They take their first steps at the age of seven or eight - predominantly digitally."

According to the music manager, the Rolling Stones are doing particularly well in Christmas sales. "The newly released album was bought more than 100,000 times within a week - that's more than their last studio album eleven years ago," said Briegmann. (SDA)

More articles on the topic