Music

CDs and vinyls outsell digital music downloads

However, revenues from streaming platforms have grown the most.

The volume of digital music sales in 2017 fell to 15% and they lost the lead to physical media: CDs and vinyl records. This was reported by the American Recording Association (RIAA).

Revenue from digital sales of music for downloads fell 25% over the year to $ 1.3 billion. At the same time, earnings from physical carriers decreased by only 4% – up to 1.5 billion dollars. Thus, sales of CDs and vinyl overtook the purchase of music through services such as iTunes to download to devices.

The streaming services for 2017 brought the music industry more money than ever before: 65% of all revenues. Over the year, earnings from them grew by 14% and brought $ 5.7 billion to record companies.

In 2016, sales from music streaming services were lower than sales of vinyl records, but already in March 2017, streaming platforms for the first time brought the American music industry more than half of the revenue.

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