Comments on IFPI’s Global Music Report

02 April 2019 - Press release

John Aalbers, 7digital’s newly appointed CEO, commenting on IFPI’s Global Music Report said: “The IFPI report shows positive growth in terms of streaming revenues, and I’m not surprised to see that has been driven by paid streaming. However, there is scope for much more growth. Music is part of the fabric of our lives, but that doesn’t mean that everyone engages with it in the same way. Smart speakers with voice assistants and the AI behind them are opening streaming up to a much wider market beyond the core of music aficionados. At 7digital, we believe that a blend of radio and streaming, and the provision of different models beyond 9.99 monthly subscriptions, will continue to widen the appeal of music services over the next few years. Those are the key elements we feel will deliver considerable value back to the music industry and the creators.”