Which technology feeds the music industry?

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2018-09-23 23:45:06

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Which technology feeds the music industry?

New technology has 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. More — three quarters of this success achieved by only one technology.

The First half of 2018 completed and record the RIAA (Recording Industry Association of America) has summed up its results (). 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 , notes 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 for a fee.

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

Of Course, consider the statistics concerns only the U.S. 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.

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Vinyl discs in 2018 more popular than in 2017

No surprise that digital music downloads and physical sales have fallen — 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 turntables there has been a growth — 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 are listening to music due to digital technology? To discuss this topic readers can .

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