Digital Album Purchases Overtake Physical For First Time Ever

nielsen soundscan

For the first time in history, digital album purchases have overtaken physical sales, with 37% of all album purchases in 2012 taking place online, according to Nielsen’s global measurements.

According to the LA Times, sales of CDs were down 13.5%, while digital album sales were up 14.1%. Including singles, the digital sector had a 55.9% share of the total music business in 2012.

“Where will physical music be 11 years from now?  I’m no analyst, but my prediction is that CDs will go the way of records: for special releases and fan collections,” says SoundCtrl contributor, Jason Epstein.

Yet, the Nielsen report is less clear when it comes to digital revenues generated by streaming.

“They do mention statistics like Katy Perry and Eminem having 177 million and 174 million streams, respectively, but what implications does that have for actual music sales and ownership?” says Epstein.

http://www.latimes.com/entertainment/music/posts/la-et-ms-most-music-now-purchased-online-20130104,0,60443.story

http://www.soundctrl.com/blog/2013/01/09/music-sales-the-decline-of-physical-and-the-future-of-digital/

About these ads

One response to “Digital Album Purchases Overtake Physical For First Time Ever

  1. Pingback: Stageit & Ziibra: Commodifying Music in the Digital Age | Kickshuffle·

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s