Which technology feeds the music industry?

New technologies have had a significant influence not only on the ways of communication between users, but also to other aspects of daily life. For many, music plays a huge role. And there are now new ways to enjoy it. Moreover, they became the basis of success in the modern music industry. The most interesting three quarters of this success, a significant increase in the current year compared to last year, achieved by only one technology against the background of further decline of the role of the popular technologies of the recent past.

The first half of 2018 completed and record the RIAA (Recording Industry Association of America) announced the results (PDF). That became the basis for the well-being of the music industry in the first six months of the current year? Considering the new message, Jordan (Yordan) on the resource page gsmarena.comnotes that the year increased from 4.2 to 4.6 billion US dollars, and mainly thanks to the streaming services and their subscribers that subscribe to these services on a fee basis.

75% of revenue from U.S. music industry — streaming

Of course, considering the statistics concerns only the US market, but it reflects perfectly the most noticeable trend. Because 75% of the proceeds received by the industry in the first half of this year came from streaming music. According to RIAA, for the month subscribers of streaming services music content is getting 1 million new users. And this is the highest growth compared to other categories of the music business.

Vinyl discs in 2018 more popular than in 2017

No surprise that digital music downloads and physical sales declined from 765 million dollars in the first half of 2017 to 562 million USD in the first half of 2018. The decline of CD sales was 41%, thus, even for albums on vinyl discs was observed an increase of 13%.

Industry in the period from January to June this year, offered 70 thousand various music albums. And looking at the trends, we can assume that most of them will be playable through online platforms and not physical media.

If users listen to music due to digital technology? To discuss this topic readers can Telegram chat.

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