| U.S. Music Sales Increased 3.1% In 2012 U.S. music sales grew 3.1% in 2012, with digital music purchases helping to balance a drop in demand for physical product. According to Nielsen SoundScan, purchases of albums, singles, music videos, and digital tracks rose to 1.66 billion last year. Purchases of digital albums jumped 14%, and digital music now accounts for 55.9% of all music sales in the U.S. Meanwhile, Nielsen SVP David Bakula said sales of physical music, including compact discs, cassettes, and even vinyl LPs dropped 13%, despite the fact that the CD remains the primary form in which Americans buy full-length albums. This means that a lot of today's digital music sales are in the form of tracks rather than albums; specifically, digital albums sold 117.7 million units last year, and digital tracks sold 1.34 billion units. "Overall music purchases surpassed 1.65 billion units in 2012, up 3.1% vs. the previous record high set in 2011," Bakula explained in a prepared statement. "These were driven by digital music sales, which continue be a key growth element within the market." The two top-selling single tracks were Gotye's "Somebody That I Used to Know" (6.8 million downloads) and Carly Rae Jepsen's "Call Me Maybe" (6.5 million). The best-selling record of 2012 was Adele's "21," the first album to get the top ranking two years in a row. [Full story: Tech Crunch] |
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