31 March 2014 - 0 Comments

· Digital music revenues now make up 51% of revenue by format at 27.9 million

· Streaming revenues have tripled and are now 9% of total revenue by format
· Digital album sales rose by 3%
· Vinyl album sales up 29%
· Phenomenal year for local NZ releases. NZ Singles and Albums up significantly

Recorded Music NZ, the industry representation and licensing organisation for recording artists and their labels, today (31 March) released its wholesale figures for the New Zealand recorded music industry in 2013.

Digital music services are now the number one source of revenue for rights owners accounting for 51 per cent of all music sales by format, overtaking physical music products for the first time.

2013 was also a year of massive growth for streaming services and adoption by Kiwis. Music streaming revenues have tripled since 2012 and now make up approximately nine per cent of all revenues by format. There was also modest growth in digital album purchases an increase of three per cent in 2013.

Whilst increases in digital revenue fell short of countering the decline in physical album purchases (down 24 per cent), vinyl sales - accounting for only a small fraction of the overall revenues - were up 29 per cent in 2013.

This transition period experienced by the NZ Recorded Music industry in 2013 resulted in a decrease of 9.84 per cent in annual recorded music revenues.

Recorded Music NZ CEO Damian Vaughan is encouraged that the local recorded music industry is in a very strong position by which to prosper in this new environment.

“Music is always at the forefront of technology and as our industry is in a state of transition it’s encouraging to see the rapid growth and take up of streaming services by New Zealanders,” says Vaughan. “While our industry adapts and evolves, it’s quite clear that in 2014 there are multitude of ways to access and consume music – whether it is streaming, purchasing downloads or visiting the local record store.”

Further information regarding the legal music and download services available to New Zealanders can be found at http://www.promusic.co.nz/

Recorded Music NZ Chairman Chris Caddick is also buoyed by the passionate support for local music and the exciting year ahead.

“The value of music to the NZ economy and cultural landscape is significant. As the Kiwi music fan embraces the digital landscape, it’s clear that support for NZ Music is very strong which mirrors the phenomenal list of releases that our local artists produced in 2013,” adds Caddick.

Recorded Music NZ has previously released its end-of-year NZ Top 40 Charts results for 2013 which are summarised below.

2013 Album and Singles Charts

	2013 Top Selling Singles
	Title	Artist
1	Blurred Lines	Robin Thicke feat. TI And Pharrell
2	Royals	Lorde
3	Just Give Me A Reason	Pink feat. Nate Ruess
4	Roar	Katy Perry
5	Impossible	James Arthur
6	Let Her Go	Passenger
7	Radioactive	Imagine Dragons
8	Wake Me Up	Avicii
9	Get Lucky	Daft Punk feat. Pharrell
10	When I Was Your Man	Bruno Mars

	2013 Top Selling Albums
	Title	Artist
1	Sol3 Mio	Sol3 Mio
2	Pure Heroine	Lorde
3	Unorthodox Jukebox	Bruno Mars
4	The Truth About Love	Pink
5	The Love Club EP	Lorde
6	Plus	Ed Sheeran
7	Midnight Memories	One Direction
8	Prism	Katy Perry
9	25 Years: The Chain Box Set	Fleetwood Mac
10	Blackbird	Fat Freddy’s Drop

	2013 Top Selling NZ Singles
	Title	Artist
1	Royals	Lorde
2	Take It Easy	Stan Walker
3	Tennis Court	Lorde
4	Bones	Ginny Blackmore
5	It's Worth It	Jackie Thomas
6	Bulletproof	Stan Walker
7	Team	Lorde
8	Walking On Water	Benny Tipene
9	In Colour	Shapeshifter
10	Runnin'	David Dallas

	2013 Top Selling NZ Albums
	Title	Artist
1	Sol3 Mio	Sol3 Mio
2	Pure Heroine	Lorde
3	The Love Club EP	Lorde
4	Blackbird	Fat Freddy's Drop
5	Delta	Shapeshifter
6	Beautiful Lady: The Very Best Of	Patsy Riggir
7	Jackie Thomas	Jackie Thomas
8	The Very Best Of: 1973 - 2013	Suzanne Prentice
9	Six60	Six60
10	The Complete Collection	Stan Walker

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