Streaming Boom Changes Music Landscape

from
,

A little more than a decade after Apple opened the iTunes Music Store and helped music downloads to break through to the mainstream, it appears as if listeners have already turned their backs on download stores in favor of streaming services such as Spotify and Pandora. After global download revenues had declined for the first time in 2013, the negative trend continued in 2014. According to Nielsen’s 2014 U.S. music report, single track and album downloads dropped by 12.5% and 9.4% respectively, as music consumption continued to shift towards streaming.

In total, Americans streamed more than 160 billion tracks in 2014, including audio streams as well as streams on video sites such as YouTube and VEVO. Compared to 2013, that’s a 54.5% increase of all streaming activity, meaning that the pace at which streaming is growing has accelerated compared to 2013, despite the larger base. The only medium able to keep pace with streaming in terms of growth was the LP. Vinyl sales grew by 51.8%, continuing a surprise comeback. Before music traditionalists break out the champagne, one thing should be noted though: at 9.2 million units, LPs still accounted for no more than 3.6% of total album sales in 2014.



Infographic: Streaming Boom Changes Music Landscape | Statista
Related Infographics
  • Spotify
    Spotify Has 60M Users But Only 1 in 4 Pays

    This chart shows Spotify's user and subscriber growth

  • Music Industry
    2014's Best-Selling Vinyl Albums

    This chart shows the top-selling vinyl albums in the United States in 2014.

  • Music Industry
    The World's Highest-Paid Musicians In 2014

    The top-ten earners in music worldwide.

  • Music Industry
    Vinyl Comes Back From Near-Extinction

    This chart shows worldwide vinyl music sales since 1997.

  • Music Industry
    Music Streaming Revenues Overtake CD Sales In The U.S.

    This chart shows U.S. music industry revenues at retail value.

More info on this topic
You may also be interested in...
Infographic Newsletter

Statista offers daily infographics about trending topics covering Media and Society.

Download & Reference

FAQ
Who may use the "Chart of the Day"?
The Statista "Chart of the Day", made available under the Creative Commons License CC BY-ND 3.0, may be used and displayed without charge by all commercial and non-commercial websites. Use is, however, only permitted with proper attribution to Statista.

Which topics are covered by the "Chart of the Day"?
The Statista "Chart of the Day" currently focuses on two sectors: "Media and Technology", updated daily and featuring the latest statistics from the media, internet, telecommunications and consumer electronics industries; and "Economy and Society", , which inlcudes current data from the United States and around the world relating to economic and political issues as well as sports and entertainment.

Can Statista create customized charts?
Absolutely! For information on tailor-made and sector-specific Charts of the Day, please contact Jan Ahrens
(jan.ahrens@statista.com).