Summary: Lots of singers and songwriters netted a record total of £51.7m from digital music services last year, as online licensing revenues eclipsed radio for the first time.
Digital music players are now the biggest source of income for artists in the UK, having overtaken radio last year after previously eclipsing live events and pubs. Streaming services, such as Apple iTunes and Spotify, has more than doubled UK online licensing revenues in 2008.
Physical sales like DVDs fall 18.7% year on year, to £10.9m. Newspaper and physical covers are going down. Also, ringtones which were very popular and a high source of income for artists have dropped.
The value of revenue from music ringtones for mobile phones has fallen to £900,000 from £5.7m five years ago.
Opinion: I think that digital music will become even more popular. Buying music online will also become popular. Doing things online makes everything easier, that's why I think that people are starting to buy their music online. The only negative thing that comes from this is that, there is a lot of people that illegally download music from the internet. People can easily steal music online nowadays. Back then, you had to go out and buy the music but now you can just do it in your own home. Also, artists will make much more music if they sold their stuff online because people aren't lazy to do stuff online and will buy their stuff versus people having to go out and buy their music or merchandise.
Significance: This article has something to do with technology because the article talks about buying music online and on the computer. It always talks about big technology companies like iTunes and Spotify. It also discusses music on mobile devices.
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