Digital downloads for music are so prehistoric that now, more people are actually buying vinyl records and CDs instead of dishing around a dollar for a hot new track.
Download purchases made up just 11 percent of label revenue in the United States last year, according to a Recording Industry Association of America (RIAA) report released on Thursday.
The figure falls just one percentage point short for the amount of physical sales that actually happened in the year - 12 percent.
In 2018, revenues from recorded music in the United States grew 12% to $9.8 billion at estimated retail value (stock)
Streaming sales made up the largest chunk of all music sales, pulling in 75 percent of all revenue
Total revenue from downloaded music fell to $1.04billion. Album downloads fell by a staggering 25percent in 2018, amounting to $500million. Individual track sales fell 28percent to $490million, during that same time.
The 11percent revenue mark was met by downloaded music in 2018 but fell down from 42percent as recently as 2013.
As far as physical shipments, revenue did decrease to $1.15billion and constituted a 23percent drop from 2017.
Total revenue from downloaded music fell to $1.04billion - album sales brought in $500million while individual tracks got $490million
Physical sales made 12 percent of total music revenue. Vinyl records saw an increase of eight percent, bringing in a total of $419million in 2018 (stock)
CD purchases fell 34percent to $698million, marking the first time that revenues from CDs were less than a billion dollars since 1986.
Vinyl records saw an increase in sales of eight percent, bringing in a total of $419million in 2018. It was the highest revenue earning year for vinyl since 1988. In total, vinyl made up one-third of revenues from physical formats.
Streaming sales made up the largest chunk of all music sales, pulling in 75 percent of all revenue, RIAA said in their report.
The revenue from streaming music platforms grew 30percent year-over-year to reach $7.4billion. In 2017, streaming revenue only accounted for $5.7billion.
Total 2018 subscription revenues increased 32% to $5.4 billion.
And while physical copies and digital downloads did see a decrease in revenue, overall music revenue did see an increase.
'In 2018, revenues from recorded music in the United States grew 12% to $9.8 billion at estimated retail value,' the report stated.
The revenue from streaming music platforms grew 30percent year-over-year to reach $7.4billion. In 2017, streaming revenue only accounted for $5.7billion
Link hienalouca.com
https://hienalouca.com/2019/03/01/vinyl-and-cd-sales-are-making-record-labels-more-money-than-digital-downloads/
Main photo article Digital downloads for music are so prehistoric that now, more people are actually buying vinyl records and CDs instead of dishing around a dollar for a hot new track.
Download purchases made up just 11 percent of label revenue in the United States last year, according to a Recording Industry A...
It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.
Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.
Dianne Reeves US News HienaLouca
https://i.dailymail.co.uk/1s/2019/03/01/06/10442476-6759383-image-a-110_1551421477216.jpg
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