Digital Music Continues to Take Off

By  |  Friday, January 2, 2009 at 10:33 am

One has to wonder if RIAA’s decision to stop suing file sharers may have anything to do with the fact that digital music is quickly becoming the format of choice among consumers. A survey released by Nielsen indicates that digital music continues to become a larger portion of the overall music pie.

A record number of both digital albums and tracks were sold during 2008, sporting increases of 32 and 27 percent respectively. 1.07 billion digital tracks were purchased, while 65.8 million albums were downloaded.

Overall, albums seem to be falling out of favor, with a 8.5 percent decrease in sales to 535.4 million units. Interesting factoid? Vinyl is back in style apparently: 1.8 milion LPs were sold during the year, nearly double that from last year.

In the digital realm, Leona Lews “Bleeding Love” took top honors in the singles category, followed by Flo Rida’s “Low” and Rhianna’s “Disturbia.” In albums, Coldplay’s Viva La Vida was the best selling album, followed by Jack Johnson’s Sleep Through The Static and the soundtrack to the 2007 film Juno.

Universal Music Group continues to be the largest purveyor of digital albums and tracks, garnering market shares of 27.8 and 31.8 percent respectively.

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