Thursday, 19 March 2015 17:25

Streaming Revenue Overtakes CD Sales in US

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US Recorded Music Revenue in 2014 sees Streaming Revenue overtake CD Revenue for the first time, whilst still to catch Download Revenue, despite a decrease in downloads.

Overall Revenue (US$6.97 billion) is down 0.5% against 2013 Revenue.  Revenue has effectively halved in less than 20 years.  1999 (US$14.6 billion)

Following figures in US Dollars

Album Unit Sales down 11% 

Vinyl Sales almost doubled ($314.9 mill)

Streaming up 3.2% ($1.87 bill)

Paid subscriptions up 25%  ($799 mill)

Ad supported freemium up 34%  ($294 mill)

Streaming personal radio up 31% ($773 mill)

CD Sales down 12.7%  ($1.85 bill)

Downloads down 8.5%  ($2.6 bill)

Doesn't take a mathematical genius to realise that artist income is falling drastically as music users turn to streaming and subscription services in favour of purchasing

http://www.musicbusinessworldwide.com/streaming-income-overtakes-cd-sales-in-the-us/

 

 

Read 323 times Last modified on Tuesday, 19 January 2016 06:14