Sorry, but this is inaccurate. The IFPI report says Spotify is the second largest source of DIGITAL revenue. (Itunes is number 1.) Big difference. Digital revenue is about 20% of total revenue for European labels.
As the writer of the article, I want to apologise for that inaccuracy. I have added this clarification to the article itself and mentioned of this in the end. The mistake was completely unintentional.
However, it would be interesting to research if there are single entities larger than iTunes or Spotify selling "analogue" music on a European level - which could hold the initial statement true.
