The Effects of Digital on the Music Industry

06 Dec 2014

Here are some interesting numbers from the US music industry as more and more consumers move from physical to digital goods.

  • Between 2001 and 2012, sales in record stores declined by 76% as people moved away from buying CDs.
     
  • Total CD sales fell more than 50% between 2000 and 2009.
     
  • In January 2012, sales of digital music passed those of physical product for the first time.
     
  • In 1999, it was virtually impossible to purchase a single song.  You either had to buy a single (which featured a minimum of two songs) or a full album.  Thanks to services like iTunes, sales of single tracks in 2009 totaled 1.2 billion.
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