Digital music sales top physical sales

0 Members and 1 Guest are viewing this topic. Read 2186 times.

Pez

Digital music sales top physical sales
« on: 5 Jan 2012, 10:47 pm »
Quote
NEW YORK (CNNMoney) -- The times they are a-changin'. For the first time in history, digital music sales topped the physical sale of music.
According to a Nielsen and Billboard report, digital music purchases accounted for 50.3% of music sales in 2011. Digital sales were up 8.4% from the previous year, while physical album sales declined 5%.

Lady Gaga took the top spot as 2011's most streamed artist, according to the report. The most streamed song of 2011? Nicki Minaj's "Super Bass," with 84.9 million audio streams and 71 million video streams.
Adele's album 21 was the top selling album both online and physically, and her popular song, "Rolling in the Deep," was the bestselling digital song, with 5.8 million downloads.
Digital album sales ended the year on a high note, with a record 3.5 million sales in the last week of 2011.
The record industry can thank Adele for reviving the idea of buying entire albums. For the first time since 2004, total album sales -- counting both physical and digital -- rose compared to the prior year. They increased 1.3% in 2011 to 331 million units. Adele's 21 sold 5.8 million units, enough to lift the entire album catagory into postive territory for the year.
While services like Napster blazed the trail for online music consumption, offerings like Apple's 99-cents-a-song iTunes catalog as well as those from a host of startups have broken down traditional music-purchasing barriers. Most customers now prefer shopping online to buying in a store.
"Clearly the plastic format was not an optimal format for selling music," says Brian Zisk, executive producer of the SF MusicTech Summit. "It's a much healthier ecosystem for folks to be selling digital formats instead of physical formats. That's the future, and the way it's going."
Zisk also cites the rise in mobile and smartphones as a catalyst behind the digital-music surge.
"The ability for folks to purchase music everywhere has really expanded the digital marketplace," he says. "They don't need to go to physical store -- anywhere the phone is people are able to purchase music."
Traditional music magazines like Rolling Stone and Spin Magazine have now created apps that allow users to purchase music while browsing, and services like Spotify have partnered with Facebook to boost music discovery and sharing.
Mike More, CEO of Headliner.fm, says the future may not be digital sales. More cites Spotify's model as the music consumption of the future, where he says more consumers will pay for access to music streaming services rather than purchasing songs.
"I think you have a whole generation who doesn't care if they own anything," he says. "Accessibility has become paramount. This is what consumers want -- they want it everywhere and on all their devices."

http://money.cnn.com/2012/01/05/technology/digital_music_sales/index.htm?hpt=hp_t1

For me personally I definately downloaded more music last year than buying physical media. A lot of HD tracks stuff and he rez of course, not iTunes. But this just shows the phyisical media is dying quick!

Rob Babcock

  • Volunteer
  • Posts: 9319
Re: Digital music sales top physical sales
« Reply #1 on: 6 Jan 2012, 09:21 am »
So far I've never downloaded a song except one that PJ posted here (one he recorded in his project studio and posted for us to listen to).  I realize I'm an aberration but all of my music is round and shiny!  After about 10 years of threatening to do it I still haven't got around to ripping the discs I have to a HD yet. :duh:

Elizabeth

  • Full Member
  • Posts: 2737
  • So Long, and Thanks for All the Fish
Re: Digital music sales top physical sales
« Reply #2 on: 6 Jan 2012, 10:00 am »
I have about 6,000 Lps about 3,000 Cds and zero downloads, zero MP3.
A bunch of burned to CD-R from my paid for collection to ruin in my car..
I guess I really am a Luddite.
No cell phone, no downloaded music.
I just buy used Cds and Lps. I have enough if  they all disappeared from stores to last me the rest of my life.
So I am really not worried about missing out on music.

spinner

Re: Digital music sales top physical sales
« Reply #3 on: 10 Jan 2012, 10:38 pm »
  Yes , that's same with me....... :thumb:

Early B.

Re: Digital music sales top physical sales
« Reply #4 on: 10 Jan 2012, 10:53 pm »
The term, "digital music" just sounds awful. Yeah, so what -- hi rez digital music probably sounds great, but I gotta have it on a CD.

Mitsuman

  • Full Member
  • Posts: 760
  • Diamond Tone Junkie
Re: Digital music sales top physical sales
« Reply #5 on: 10 Jan 2012, 10:56 pm »
The Sky is Falling! - Chicken Little

..............again.  :roll:

*Scotty*

Re: Digital music sales top physical sales
« Reply #6 on: 10 Jan 2012, 11:24 pm »
I will be happy if we just get to keep the 16/44 standard for music. So far,with the exception of "Hi-Rez" downloads which surely must be a fraction of even vinyl sales at this point I have not seen any 16/44 resolution downloads it has all been mp3 crap.
Scotty

Phil A

Re: Digital music sales top physical sales
« Reply #7 on: 11 Jan 2012, 12:33 am »
Really doesn't surprise me.  Local stores that used to sell CDs have dwindled.