Recorded Music NZ

NZ music industry posts 4th year of growth driven by an increase in streaming which now accounts for 69% of revenue in 2018 according to figures released by Recorded Music New Zealand. Revenues increased by 7.7% in 2018 reaching NZ $107.9 million. Services like Spotify and Apple Music have fundamentally changed the way Kiwis access and engage with music. Recorded Music New Zealand CEO Damian Vaughan said the reduced entry barriers for new artists releasing […]

For the third year in a row the New Zealand music industry has experienced double digit percentage growth with wholesale revenue growing by 14.6% in 2017 to NZ$98.8m driven largely by New Zealand’s ever-increasing adoption and use of music streaming services, according to new figures released by record industry association Recorded Music NZ. Wholesale revenue from streaming in 2017 was $61.3m, a 41.6% increase on 2016. Last year’s streaming revenue is almost as large as […]