INDIAN MUSIC INDUSTRY AT A GLANCE IN 2012 - 2013 It is estimated that by 2015, the share of physical revenues is expected to decline to six per cent of the total music industry revenue, according to FICCI-KPMG estimates.
A consistent volume de-growth of physical formats, coupled with factors such as price erosion, piracy, emergence of non-physical formats such as mobile value added services, has contributed to the changing revenue mix for the Indian Music Industry.
The Indian music industry is expected to grow at a CAGR of 17 per cent to Rs 18.66 billion by 2015, with digital music acting as a key growth driver.
