NZ music industry sees first revenue growth in 15 years due to streaming services

Mon, 11 Apr 2016

By Sophie Boot April 11 (BusinessDesk) - New Zealand musicians made more money from streaming services than any other source in 2015, with total revenue growing for the first time in 15 years, according to Recorded Music New Zealand. Wholesale revenue rose 12 percent to $74.4 million in 2015, with streaming services more than doubling to $25.7 million, making it the largest contributor. In 2013, streaming services brought in $5 million in revenue, accounting for 7 percent of all revenue. That has since soared to account for 35 percent of...

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