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Thursday, 1 January 2015

Music streaming and vinyl boomed in 2014, but everything else tanked


We're less than a day past 2014, and Nielsen has already released its summary of what 2014 meant to the music business. Overall, the news was bad: total US album sales dropped 11 percent, a shortfall of 32 million, ending up at 257 million albums sold. Even digital sales weren't immune to the trend, falling nine percent since 2013 to only 106 million total sales in 2014. The only bright spot was vinyl sales, which grew more than 50 percent to a total of 9.2 million sales, the highest year for vinyl sales since Nielsen began tracking them in 1991.


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