Norway’s recorded music business pulled in revenues of 603 million NOK in 2013 – up 11% year-on-year.
As you can see below, that brings Norway’s recorded music income almost back to where it was in 2008, as it demonstrates sustained market growth.
Streaming revenues in the country jumped over 60% in the year, up from 246 million NOK in 2012 to 394 million NOK in 2013.
Streaming now represents 65% of all music sales by value in the territory, according to an IFPI report that you can download on MBW through here.
Total digital sales, including download, were up 40% year-on-year – increasing from 335m NOK in 2012 to 468m NOK in 2013.
“The music industry and companies represented by IFPI are witnessing a total makeover of the music industry,” said IFPI Norway MD Marte Thorsby.
“It is smarter (driven by analysis and data), closer to the audience (through social media), it makes it easier to spread the music globally (for example Ylvis and Envy), and the new business models increase the revenues which can be reinvested in new talents.”
Music Business Worldwide