Digital, vinyl and overall music sales are reportedly up
The Recording Industry Association of America just released its 2011 sales figures yesterday, and there was a surprising bit of good news in them. Total U.S. music sales actually grew for the first time since 2004. They were up 0.2%, just topping $7 billion.
The reason: digital sales were up 9.2% during the year, and physical sales (mostly CDs) dropped only 7.7%, which is smaller than in recent years. Digital made up more than half of revenues for the first time ever. -[Business Insider]
The report also details a growth subscriptons, vinyl sales (by 30%) and album downloads (22.1%), as well as a decrease in sales of physical product by around 4.7%.