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 Posted:   Jul 6, 2017 - 9:15 AM   
 By:   Sean Nethery   (Member)

To put our collecting hobby into the context of overall music consumption, here are highlights from a report on music sales so far in 2017 from BuzzAngle Music as reported in Radio Ink.

The bottom line is that overall music consumption is up 10% because of internet streams. Audio streams reached nearly 180 billion in the first six months of the year, up 58% from the comparable period last year. Paid subscriptions accounted for nearly 79% of all audio streams.

Meanwhile, overall album sales were down 14% compared to 2016 (74 million in 2017 YTD* vs. 86 million in 2016 YTD). This is mostly because digital album sales were down 24%. Physical (CD) sales were down 2%, and vinyl grew by 20%. (Digital albums represent 46% of all album sales, CDs 53%, and vinyl 5%). Digital song sales were also down about 24%, with 313 million sales so far in 2017.

Here's a link to the full report: http://www.buzzanglemusic.com/.



*YTD = year to date

 
 Posted:   Jul 6, 2017 - 11:11 AM   
 By:   Yavar Moradi   (Member)

So in terms of albums, CDs are still notably ahead of downloads -- interesting.

Yavar

 
 Posted:   Jul 6, 2017 - 12:04 PM   
 By:   Sean Nethery   (Member)

I'm reading the full report for work, and just came upon an interesting list - top 25 albums by total consumption (which combines streaming and purchases). There are 6 soundtrack albums in the top 25, and 7 in the top 25 for album sales (including digital, cd/vinyl, and cassette - god help us!). Song albums rule of course, but there's some underscore here as well.

7 Moana (3 in album sales)

12 Trolls (6 in album sales)

13 Hamilton (13 in album sales)

15 Fifty Shades Darker soundtrack {not score album} (not in top 25 total album sales)

19 Beauty and the Beast 2017 (9 in album sales)

22 La La Land (11 in album sales)

Other soundtrack albums in the top 25 in total album sales that are not the top 25 in total consumption are the Guardians of the Galaxy Mix. Vol. 2 (ranked 8th) and Awesome Mix Vol. 1 (ranked 20) - I'm guessing because only a few songs are available for streaming, at least on Spotify.

Here's the consumption breakdown for Moana as an example of the dynamics of what's happening now.

AUDIO STREAMS: 410,715,430

SONG SALES: 1,498,589 (digital)

ALBUM SALES: 463,808 (physical + digital)

 
 Posted:   Jul 7, 2017 - 7:34 AM   
 By:   Sean Nethery   (Member)

So in terms of albums, CDs are still notably ahead of downloads -- interesting.

Yavar


It's about replacement vs. conversion. Digital purchases are declining because of the move of digital listening from personal collections to streaming, as well as the move towards mobile devices for most listening. (Especially since you can download thousands of tracks on your mobile device from your paid subscription.) So streaming is increasingly replacing digital ownership.

It's replacing physical ownership too, but much more slowly (thus the smaller percentage decline). Many people who prefer buying physical media do not want to convert to digital, and CDs do not have a viable replacement technology. (Vinyl clearly remains a tiny niche, and cassettes are a stunt driven by Guardians of the Galaxy.)

Of course, this is an oversimplification, as many people will move from one to another - physical media to personal digital collection to streaming. In my family, that's me, but both my wife and daughter have fully converted to streaming, both paid and free, and including YouTube.

 
 Posted:   Jul 7, 2017 - 7:44 AM   
 By:   Solium   (Member)

I find these things kinda skewed. Stores don't sell CD's anymore and more and more releases are digital or vinyl only. So of course your going to sell less CD's. Statistics aren't always so straight forward. But I'm glad CD's are holding up!

 
 Posted:   Jul 7, 2017 - 9:07 AM   
 By:   Sean Nethery   (Member)

Always important to keep supply and demand in mind. Stores stopped selling CDs when too many people stopped buying CDs, not the other way around.

 
 Posted:   Jul 7, 2017 - 9:26 AM   
 By:   Solium   (Member)

Always important to keep supply and demand in mind. Stores stopped selling CDs when too many people stopped buying CDs, not the other way around.

I stopped buying CD's in stores because they stopped selling them. wink Actually haven't been in a Best Buy in almost seven years.

 
 Posted:   Jul 7, 2017 - 9:26 AM   
 By:   Thomas   (Member)

I vaguely remember reading an article some time ago that pointed out that in the 40+ age groups, CDs were the most popular format but below that age the sales were minimal.

Someone mentioned cassettes. In my local HMV a few days ago, I noticed a cassette for 'The Force Awakens' score (I didn't know it was released on cassette). I asked the staff member out of curiosity how many they had sold, he checked and said none! That copy was the same one they've had since it was released!

 
 Posted:   Jul 7, 2017 - 9:35 AM   
 By:   Sean Nethery   (Member)

Here's another take, this time from Nielsen: http://www.nielsen.com/us/en/insights/reports/2017/us-music-mid-year-report-2017.html. (You have to download the report to read it.)

Forbes has a good overview: https://www.forbes.com/sites/zackomalleygreenburg/2017/07/05/nielsens-mid-year-music-report-streaming-has-become-a-gusher/#3fdef9923490

Here's the notable passage about how the music industry has changed:

Of course, the bulk of Drake's $94 million payday--good for No. 4 on our Celebrity 100--came from touring.

"We live in a world where artists don't really make the money off the music like we did in the Golden Age," The Weekend told FORBES. "It's not really coming in until you hit the stage."

 
 Posted:   Jul 7, 2017 - 9:35 AM   
 By:   SchiffyM   (Member)

Always important to keep supply and demand in mind. Stores stopped selling CDs when too many people stopped buying CDs, not the other way around.

Yes indeed. Everybody I know in the music industry would love nothing more than for it to be fifteen years ago again, when CDs ruled and the cash was flowing. Consumer preference changed that – no, of course not every consumer, but in the aggregate – despite so many here believing this was a diabolical strategy on the parts of the music industry to keep you from buying those super-profitable CDs.

 
 Posted:   Jul 7, 2017 - 9:52 AM   
 By:   Justin Boggan   (Member)

Yes, people generally stopped buying CD's so stores stopped carrying them, but I should note even when stores had CD's, I probably made half a dozen purchases of CD's simply because they either didn't have what I wanted (or in some cases there was no release at all) or the price was too high. Nearly thirty dollars with taxes for a CD I could go to SAE and get cheaper or even more cheaply if a used copy.

 
 Posted:   Jul 10, 2017 - 7:26 AM   
 By:   Sean Nethery   (Member)

(Just bumping the thread.)

 
 
 Posted:   Jul 10, 2017 - 1:35 PM   
 By:   leagolfer   (Member)

Very-good news on digital a slump.. why it was ever introduced to us in the 1st place is questionable, quality, presentation, rubbish

A 2% drop on cds isn't a disaster, its half season so maybe it can boom, i will all ways fund a cd format, sometimes lp.

 
 
 Posted:   Jul 10, 2017 - 8:20 PM   
 By:   Tango Urilla   (Member)

Always important to keep supply and demand in mind. Stores stopped selling CDs when too many people stopped buying CDs, not the other way around.

People didn't stop buying CDs. They simply started buying them from Amazon where they cost half the price of those found in Tower Records, Borders, Best Buy, etc.

 
 Posted:   Jul 11, 2017 - 7:01 AM   
 By:   Sean Nethery   (Member)

It took a long time for Internet sales to have a major impact on retail. CD sales started going down long before that, and they are a tiny fraction of what they were at their peak in 2000. The key single factor was the arrival of iTunes and the market maturity of digital music sales and streaming. And, of course, illegal file sharing.

http://blog.thecurrent.org/2014/02/40-years-of-album-sales-data-in-one-handy-chart/

 
 Posted:   Jul 11, 2017 - 7:23 AM   
 By:   Sean Nethery   (Member)

Very-good news on digital a slump.. why it was ever introduced to us in the 1st place is questionable, quality, presentation, rubbish

A 2% drop on cds isn't a disaster, its half season so maybe it can boom, i will all ways fund a cd format, sometimes lp.


There is no digital slump. There is more digital listening than ever before. It is just that streaming has overtaken and is beginning to replace sales. There is no good news for CD sales here, which continues to decline every year, just at a lower rate.

 
 Posted:   Jul 11, 2017 - 9:08 AM   
 By:   SchiffyM   (Member)

There is no digital slump. There is more digital listening than ever before.

Indeed. That anyone could read this and think "I knew it, CDs are back!" seems to indicate a willful disregard for the data.

 
 
 Posted:   Jul 16, 2017 - 8:33 AM   
 By:   leagolfer   (Member)

To put our collecting hobby into the context of overall music consumption, here are highlights from a report on music sales so far in 2017 from BuzzAngle Music as reported in Radio Ink.

The bottom line is that overall music consumption is up 10% because of internet streams. Audio streams reached nearly 180 billion in the first six months of the year, up 58% from the comparable period last year. Paid subscriptions accounted for nearly 79% of all audio streams.

Meanwhile, overall album sales were down 14% compared to 2016 (74 million in 2017 YTD* vs. 86 million in 2016 YTD). This is mostly because digital album sales were down 24%. Physical (CD) sales were down 2%, and vinyl grew by 20%. (Digital albums represent 46% of all album sales, CDs 53%, and vinyl 5%). Digital song sales were also down about 24%, with 313 million sales so far in 2017.

Here's a link to the full report: http://www.buzzanglemusic.com/.



*YTD = year to date


I only looked at your 1st post, down 14% on albums, no graphs, it says above, digital album down 24%. + digital songs down 24%. Cd physical down 2%. I read correctly, & I'm partly right digital is down on them stats over a physical cd.







 
 Posted:   Jul 16, 2017 - 9:31 AM   
 By:   Sean Nethery   (Member)

But you're skipping streaming, leagolfer. Digital is not down, as I've been saying, including in the first post. Streams, including paid streams, are way up. That's where most consumption is (and revenue), not in sales of any kind, digital or physical.

It's a brave new world, where for more and more people the behavior is changing from buying to paying for streams. Which is what the other posts in this thread describe and document.

One post does not a thread make! smile

 
 
 Posted:   Jul 16, 2017 - 9:41 AM   
 By:   leagolfer   (Member)

I do understand the Streaming, I was going buy albums, yes overall Digital made a little gain, I'm just saying, a cd 2% down is not major considering how much use digital gets now. wink

 
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