NZ Music Hits A High Note

Industry sees the jump in revenue to $74 million for 2015 as positive first step towards helping NZ musicians.

The New Zealand music industry has experienced an annual growth in revenue for the first time in 15 years, the increase coming from streaming services such as Spotify and Apple Music, says a report out today.

Recorded Music NZ presented the annual report, happy to show that wholesale revenues to the local industry grew 12 per cent in 2015 to $74.4 million, with streaming accounting for $25.7 million, or 35 per cent.

That's more than double the amount earned from streaming in 2014.

Recorded Music NZ CEO Damian Vaughan described it as "a great first step towards a more positive future for recording artists and record companies in NZ".



Read the full story by Lydia Jenkin at NZ Herald