If there is something completely sure is that the music is like an immortal mate, who always stands by you, when needed.
But also, what is absolutely truth, is music formats are like the same immortal mate, wearing in different clothes, moving around you in cyclical trends. From acetate vinyls turning on gramophones to iTunes store sounding on your smart phone, or iPod, passing trough cassettes or cd's at 80's and 90's, moving through digital era and getting back to vinyls again....
Times are changing as Bob Dylan said decades ago, but now, more than ever.
Currently, digital music is getting stronger at every instant, through its main formats, "downloads and streaming services". Figures and stats don't lie. IFPI (International Federation of Phonographic Industry), is one of the most prestigious and recognised institutions, who develop accurate stats and reliable metrics on Music industry worldwide, just published the following key milestone on the music history. "For the first time in the history, digitals sales take over physical music sales globally". Just check this graph below created by IFPI to prove this fact.
At this point, digital revenues have increased by 6.9%, up to 6.85 ($)bn, in 2014. If we breakdown this growth into the main revenues streams (streaming services and downloads), we got the following takeaways. Downloads decrease by 8% and streaming subscriptions are soaring by 39% to 1.59 ($)bn. in 2014.
In regards with Physical sales, revenues globally have dropped by 8% in 2014. Special mention to vinyls sales which have increased by 54.7% in 2014 worldwide, according to IFPI reports, and also increasing by 53% in Q1-2015 in relation to Q1-2014 in USA. See chart below from Nielsen, US. (Music industry leading data provider).
Another remarkable characteristic on vinyls sales, is just to know which albums are being best selling lately, bearing in mind the most artists are not releasing albums in vinyl formats anymore.
Data is truly paradigmatic. Once again, Nielsen US provides the info. (See chart below).
Absolutely shocking to see classic albums like "Abbey Road" from the Beatles, which was originally launched in 1969, "Dark Side of the Moon" from Pink Floyd launched in 1972, or "Kind of Blue" from Miles Davis (1959) among others, as best sellers vinyls since 2010.
Well, the trend seems to go in cycles..."Same mates, different timings". What will it be the next?
But also, what is absolutely truth, is music formats are like the same immortal mate, wearing in different clothes, moving around you in cyclical trends. From acetate vinyls turning on gramophones to iTunes store sounding on your smart phone, or iPod, passing trough cassettes or cd's at 80's and 90's, moving through digital era and getting back to vinyls again....
Times are changing as Bob Dylan said decades ago, but now, more than ever.
Currently, digital music is getting stronger at every instant, through its main formats, "downloads and streaming services". Figures and stats don't lie. IFPI (International Federation of Phonographic Industry), is one of the most prestigious and recognised institutions, who develop accurate stats and reliable metrics on Music industry worldwide, just published the following key milestone on the music history. "For the first time in the history, digitals sales take over physical music sales globally". Just check this graph below created by IFPI to prove this fact.
At this point, digital revenues have increased by 6.9%, up to 6.85 ($)bn, in 2014. If we breakdown this growth into the main revenues streams (streaming services and downloads), we got the following takeaways. Downloads decrease by 8% and streaming subscriptions are soaring by 39% to 1.59 ($)bn. in 2014.
In regards with Physical sales, revenues globally have dropped by 8% in 2014. Special mention to vinyls sales which have increased by 54.7% in 2014 worldwide, according to IFPI reports, and also increasing by 53% in Q1-2015 in relation to Q1-2014 in USA. See chart below from Nielsen, US. (Music industry leading data provider).
Another remarkable characteristic on vinyls sales, is just to know which albums are being best selling lately, bearing in mind the most artists are not releasing albums in vinyl formats anymore.
Data is truly paradigmatic. Once again, Nielsen US provides the info. (See chart below).
Absolutely shocking to see classic albums like "Abbey Road" from the Beatles, which was originally launched in 1969, "Dark Side of the Moon" from Pink Floyd launched in 1972, or "Kind of Blue" from Miles Davis (1959) among others, as best sellers vinyls since 2010.
Well, the trend seems to go in cycles..."Same mates, different timings". What will it be the next?
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