Music Sales Continuing to Fall in 2014, All Formats Plunge 15 Percent

artist: misc date: 07/04/2014 category: industry news
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Music Sales Continuing to Fall in 2014, All Formats Plunge 15 Percent
Music sales are continuing their plunge during 2014, as all formats have scored a nearly 15% sale loss during the first six months of the current year.

According to the official Nielsen SoundScan data, total music sales until June 29 have gone from 142 million to 121 million, Variety reports.

Furthermore, digital track sales dropped 13% to 593.6 million, taking a dive from 682.2 million sold during the same period in 2013.

As for the streaming industry, the figures have gone up from 49.5 million streams to 70.3 million. However, streaming revenues take up only a small fragment of the big picture.

Vinyl sales have gone up once again, jumping from 2.9 million to 4 million, hence scoring a 40% rise.

When it comes to specific albums, the soundtrack to Disney's "Frozen" is the only record to sell over one million units, shipping a total of 2.7 million so far, beating the likes of Beyonce's self-titled collection (702,000), Eric Church's "The Outsiders" (642,000), Lorde's "Pure Heroine" (641,000), and Coldplay's "Ghost Stories" (589,000).

In the singles domain, Pharrell's "Happy" is No. 1 thus far with 5.6 million copies sold. The catchy tune is followed by Katy Perry's "Dark Horse" (4 million), John Legend's "All of Me" (3.8 million), Jason Derulo's "Talk Dirty" (3.6 million) and "Frozen" vocalist Idina Menzel's "Let It Go" (2.8 million).
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