AIRLINK 74.05 Decreased By ▼ -0.20 (-0.27%)
BOP 5.12 Increased By ▲ 0.07 (1.39%)
CNERGY 4.42 No Change ▼ 0.00 (0%)
DFML 37.70 Increased By ▲ 1.86 (5.19%)
DGKC 91.10 Increased By ▲ 3.10 (3.52%)
FCCL 22.65 Increased By ▲ 0.45 (2.03%)
FFBL 32.91 Increased By ▲ 0.19 (0.58%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 11.03 Increased By ▲ 0.23 (2.13%)
HBL 115.87 Decreased By ▼ -0.03 (-0.03%)
HUBC 136.10 Increased By ▲ 0.26 (0.19%)
HUMNL 10.01 Increased By ▲ 0.17 (1.73%)
KEL 4.61 No Change ▼ 0.00 (0%)
KOSM 4.82 Increased By ▲ 0.16 (3.43%)
MLCF 40.65 Increased By ▲ 0.77 (1.93%)
OGDC 137.81 Decreased By ▼ -0.09 (-0.07%)
PAEL 26.60 Increased By ▲ 0.17 (0.64%)
PIAA 25.83 Decreased By ▼ -0.45 (-1.71%)
PIBTL 6.75 Decreased By ▼ -0.01 (-0.15%)
PPL 123.10 Increased By ▲ 0.20 (0.16%)
PRL 26.86 Increased By ▲ 0.17 (0.64%)
PTC 13.93 Decreased By ▼ -0.07 (-0.5%)
SEARL 58.93 Increased By ▲ 0.23 (0.39%)
SNGP 69.92 Decreased By ▼ -0.48 (-0.68%)
SSGC 10.40 Increased By ▲ 0.04 (0.39%)
TELE 8.60 Increased By ▲ 0.04 (0.47%)
TPLP 11.19 Decreased By ▼ -0.19 (-1.67%)
TRG 64.38 Increased By ▲ 0.15 (0.23%)
UNITY 26.12 Increased By ▲ 0.07 (0.27%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,852 Increased By 14.3 (0.18%)
BR30 25,544 Increased By 84.1 (0.33%)
KSE100 75,134 Increased By 202.9 (0.27%)
KSE30 24,168 Increased By 22.2 (0.09%)

imageTOKYO: Google has launched a music streaming service in Japan, becoming the latest tech giant to push into the world's number two music market, despite mixed results among earlier arrivals.

The US company said that its Japanese edition of Google Play Music features more than 35 million tunes available at a cost of 980 yen ($8) a month.

The launch, announced Thursday, came after similar services debuted in Japan this year by Apple, popular messaging app Line, and a joint venture by IT firm CyberAgent and Japanese music giant Avex Group.

Japan is the world's second largest music market, estimated to be worth $2.6 billion in 2014, after the $4.8 billion US market, according to the Recording Industry Association of Japan.

But packaged media such as CDs account for about 80 percent of Japanese music sales, contrasting sharply with the US market markets where digital downloads are soaring.

Many Japanese production companies have focused on established retail channels for CDs, while issues over licencing have also hampered growth in the streaming business.

Sony and Japanese games giant DeNA have terminated their music streaming services in recent years.

Some industry experts have also put the blame on free online services such as YouTube for discouraging consumers from paying for digital music.

Global streaming titan Spotify has yet to make its foray into the Japanese market, partly due to protracted talks with record labels.

E-books are also making slow progress among Japan's book-loving population, while online video streaming firm Netflix, which boasts 65 million users in about 50 countries, came to Japan only this month.

Copyright AFP (Agence France-Presse), 2015

Comments

Comments are closed.