Arab Today, arab today cd sales plummet in us as streaming rises
Last Updated : GMT 10:36:23
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.

arabstoday
arabstoday

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

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 Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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