As 2017 hits the mid-year mark, BuzzAngle has released a new report on the state of the music industry, and no big surprises, except CDs and Vinyl are still going up.
The first half of 2017 saw a continued increase in total consumption, growing 9.9% over 2016 YTD (293.0 million project units in 2017 YTD vs. 266.6 million album project units in 2016 YTD)
Song Consumption for 2017 YTD was up 29.5% over 2016 YTD (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 YTD.
Subscription streams grew 69.3% and accounted for 78.6% of total audio streams in 2017 YTD, up from 73.6% in 2016 YTD.
Overall album sales were down 13.9% compared to 2016 YTD (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 YTD vs. 40.4 million in 2016 YTD). 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).
