That’s according to BuzzAngle Music’s latest report which analyzed consumption for the first six months of the year. So far in 2017, total music consumption is up 9.9% over 2016. Over 290 million album project units have been sold compared to 266.6 million album project units in the first half of 2016. Here are some of the highlights from the report.
Song Consumption for 2017 was up 29.5% over 2016 (1.5 billion song project units in 2017 YTD vs. 1.2 billion song project units in 2016 YTD).
Audio streams reached 179.8 billion, up 58.5% over 2016.
Subscription streams grew 69.3% and accounted for 78.6% of total audio streams in 2017, up from 73.6% in 2016.
Overall album sales were down 13.9% compared to 2016 (74.0 million in 2017 YTD vs. 86.0 million in 2016 YTD).
Digital album sales in 2017 YTD were down 24.3% over the previous year (34.5 million in 2017 YTD vs. 45.6 million in 2016 YTD). Digital album sales accounted for 46.6% of all album sales in 2017 YTD, down from 53.0% over 2016 YTD.
Physical album sales were down 2.1% (39.6 million in 2017 vs. 40.4 million in 2016). Physical album sales accounted for 53.4% of all album sales in 2017 YTD, up from 46.9% over 2016 YTD.
Vinyl album sales were up 20.4% over 2016 YTD while CD album sales were down 3.9%. Vinyl albums accounted for 4.9% of all physical album sales, up from 3.5% in 2016 YTD.
Song sales (downloads) in 2017 YTD were down 23.8% compared to 2016 YTD (313.3 million in 2017 YTD vs. 410.9 million in 2016 YTD).
Read the full BuzzAngle Music report HERE
