Digital music sales climbing

Digital music sales grew in 2011 and now account for a third of industry revenue

By - March 28, 2012
Digital music, MP3

2011 was the music industry’s best sales year for 8 years in a row, spurred on by digital and vinyl sales according to the IFPI.

The IFPI “Recording Industry in Numbers” report noted that revenue from physical media fell by 8.7 percent, compared with 13.8 percent in 2010. This is despite strong vinyl sales, which were up by nearly up nearly 29 percent.

Digital revenue grew by 8 percent, higher than the 5.6 percent growth in 2010. Digital track sales numbered 3.7 billion, 19 percent higher than the previous year.

Australia grew digital sales by 60 percent, eclipsing the 10 percent growth in the U.K. and 8 percent growth in the U.S.

Digital sales accounted for 31 percent of the total music market revenue, which sat at $5.3 billion.

Despite this growth, the global music industry revenue fell by 3 percent compared to 2010. However, the report notes that, “2011 marked the least negative result in global recorded music sales since 2004, when revenues were flat.”

Read the full story at: Boy Genius Report.

Forum discussion

Shutterstock is the image partner of MyBroadband – more technology images

Join the conversation

Connect with Us

androidappletwitterfacebookgoogleplusfeednewsletter

Poll

Can you get fibre-to-the-home where you live?

View Results

Loading ... Loading ...

More News

Best ADSL prices in South Africa

South Africa ISPs

Telkom recently announced price reductions on its ADSL and VDSL products – here’s how the new pricing stacks up against other ISPs’ offerings.

MTN coming to underground Gautrain stations

MTN store logo

Gautrain commuters on MTN will soon be able to access the network in underground stations.

We want to know more about the Vodacom deal: DA

Vodacom logo

While the Democratic Alliance was “cautiously optimistic” following government selling its 13.91% stake in Vodacom to the Public Investment Corporation, the party had a number of concerns regarding the nature of the transaction.

Vodacom gets coverage in underground Gautrain stations

Vodacom logo

Gautrain commuters on Vodacom will now be able to connect to the network while in an underground station.

X

Newsletter Subscription


Name
Email *
Enter the following to confirm your subscription *
Captcha image


Free MyBroadband Newsletter
Subscribe
X
bool(true)