But then the revenue from paid-for platforms to free streaming services, were up 108.1% in value terms in 2014 according to the IFPI, to $22.72m. The Indian Music industry financial figures can be summarized as : 55% from digital music (downloads and streaming), 20% from physical, 10% from public performance and 20% from TV and Radio. According to IFPI data, physical made up 31% of total recorded music industry income in India in 2014, with digital making up 58%.
KPMG acknowledges that 2014 was a tough year for the music industry in India - thanks to a decline of around 30% in physical sales. KPMG notes that just 1%-2% of music is consumed by way of legal purchase in India, whereas 99% of the music consumption is still illegal.
Music Industry size: Rs 960 crore
Contribution from various streams:
Physical sales - 10%
Mobile VAS - 40%
Internet (ex-mobile internet) - 25%
Broadcast (radio and TV) - 25%