Arab Today, arab today cd sales plummet in us as streaming rises
Last Updated : GMT 06:07:57
Arab Today, arab today
Arab Today, arab today

CD sales plummet in US as streaming rises

Arab Today, arab today

Arab Today, arab today CD sales plummet in US as streaming rises

CD singles
New York - AFP

US sales of CDs tumbled by nearly a third in the first half of the year, although the boom in streaming largely compensated for lost revenue, the industry said Monday.

Revenue from full-length CDs, which long dominated the industry, fell by 31.5 percent in the six months through June compared with a year earlier to $494.8 million, the Recording Industry Association of America said.

CD singles, which briefly enjoyed popularity until the rise of digital music and its song-driven format, nosedived by 81 percent in revenue.

But overall music revenue in the United States, the world's largest market, dropped only slightly to $3.2 billion amid the rapid rise of streaming.

Sales from streaming -- including on-demand subscription services such as Spotify's paid tier and Internet radio networks -- totaled $1.03 billion, up 23 percent from a year earlier, although about the same as the performance in 2014's second half.

Streaming accounted for one-third of the industry's total revenue, up from 26 percent in the first six months of 2014, the association said.

Posting even sharper growth than streaming was vinyl, amid a resurgence of small-scale independent record stores.

Vinyl revenue soared by 52 percent in the first half, although the overall value was far smaller than CDs or digital.

The association's chairman, Cary Sherman, said that the figures showed "the story of a business undergoing an enormous transition."

While voicing optimism for the promise of digital music, he said: "Intense demand and billions of streams does not always equal fair market rates or a fair playing field."

Competition in streaming has risen sharply in recent months, with Apple introducing a service and rapper Jay Z rebranding the Tidal company to compete with players such as Spotify, Rhapsody, Rdio, Deezer and Google Music.

With more consumers streaming music on-demand, revenue from permanent digital downloads wobbled by four percent, although the $1.3 billion was still worth more than streaming.

Digital music has taken off at different speeds around the world, with streaming widespread in Scandinavia but CDs still the key format in Japan and Germany.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cd sales plummet in us as streaming rises Arab Today, arab today cd sales plummet in us as streaming rises

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Media: انترنت
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 01:04 2017 Tuesday ,28 February

Nokia 3310 is back — and so is 'Snake'

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday