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Who Pays For Music? - The Dish
(Source: mattpayton, via musichistory)
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Every year, digital keeps booming - but the pie keeps shrinking. And to illustrate the trend, here’s a year-by-year breakdown of physical and digital percentages, with the broader size of the pie scaled to overall recording industry revenues. These are US-based revenue figures supplied by the RIAA; figures in $millions.
(via analyticisms)
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Notes"It’s become a cliché that nowadays the dominant mode of music consumption is not the album but the song. And maybe that’s true if you’re still in the business of trying to sell people songs. But I’d argue that for a lot of people the dominant mode of music consumption is neither the album or the song but the discography. In 2011, if you’re 15 years old and you want to hear the Beatles, there’s no need to agonize over whether or not you should buy Sgt. Pepper or Abbey Road first because you’re just going to type “beatles” and “discography” into Google and five minutes later you’ll have every note the group ever recorded on your hard drive." -
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Physical sales in a digital era
For decades, the music industry has been looking to the album charts to establish what made a hit. In the past 10 years, though, album sales have plummeted, sales of singles have surged and new sources of revenue have emerged — like fees for music streamed online and ringtone purchases — that are changing the definition of a hot artist.
Just wanna add that in the 90s the big labels stopped releasing singles afraid of the cannibalization of album sales.
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