Flat year for US music industry: survey

Written By Unknown on Rabu, 27 Maret 2013 | 22.33

US music industry sales held nearly steady in 2012 as gains from digital subscription services offset further declines in physical disc sales, an industry survey showed on Wednesday.

Overall recorded music sales revenues for 2012 were $US7.1 billion ($A6.80 billion), down 0.9 per cent, after a slight increase in 2011, according to data from the Recording Industry Association of America.

The RIAA report showed revenues from digital formats rose 14 per cent to $4 billion, making up 59 per cent of sales. Digital sales crossed the 50 per cent threshold for the first time in 2011.

Most of the digital growth was from "access models," where users listen from large libraries of music rather than purchasing individual songs or albums.

These include services such as Rhapsody and paid versions of Spotify, as well as online radio services like Pandora.

Digital download revenues, including albums, single tracks, videos, and kiosk sales rose 8.6 per cent to $2.9 billion in 2012, RIAA said.

Physical sales of compact discs and other formats meanwhile slumped 16.5 per cent to $2.8 billion in 2012, with shipment volumes down 11.7 per cent.

The report was less upbeat than a survey released last month by the London-based International Federation of the Phonographic Industry, which showed overall music sales up 0.3 per cent at $16.5 billion, the first increase since 1999.


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