Despite the proliferation of digitally distributed formats, which now represent almost 60% of the total market, revenues from sales was essentially flat at $7 billion, down .9% from last year’s $7.1 billion, and a far cry from the highs of 1999’s $15 billion after a slight increase from 2010 to 2011.
Industry revenues from digital formats surpassed $4 billion for the first time, up 14% over 2011, representing 59% of the total
Streaming and “access models” like subscription services and satellite radio now represent 15% of the market, up from 9% last year, totaling over $1 billion in revenue. SoundExchange digital performance royalties increased 58% to $462 million.
Revenues from subscription and streaming services were $570.8 million, up 58.9% from $359.2 million the previous year. The number of paid digital subscribers to on-deman d services reached a new high of 3.4 million.
Digital downloads were up 8.6% from $2.6 billion to $2.9 billion. Digital albums were up 12.5%, from $1.1 billion to $1.2 billion, selling 116.7 million, the second consecutive year topping the 100 million mark.
The physical market continued to deteriorate, down 16.5% from $3.4 billion to $2.8 billion. Physical shipments were down 11.7%, with vinyl continuing to grow its niche market, up 36% in value to $163 million, even if it represents just 2% of the overall market.
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THE COUNT: COACHELLA, FROM THE COUCH
The coziest way to experience the fest (4/18a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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