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The Download on Digital Sales in 2011
In 2011, for the first time, digital music sales accounted for more than 50 percent of total music industry revenues, according to the RIAA’s recently-released year-end stats. Year-over-year, total digital music sales increased nine percent, while downloads specifically grew 17 percent, and subscription services were up 18 percent. Additionally, sales of old-school vinyl albums continued to soar, up 34 percent versus the prior year, with more than five million units shipped.
The RIAA’s annual shipment reports track total recorded music industry sales in the United States dating all the way back to 1973. Get access to the figures on RIAA.com here.
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White House Highlights Economic Contributions of IP
A first-of-its-kind study on intellectual property industries’ contribution to our national economy was released by the U.S. Commerce Department in April.
Overall, the report characterized 75 of 313 American industries as “IP-intensive,” finding that they directly employ 27 million Americans, add $5 trillion to the GDP, and account for $775 billion in exports (60 percent of total merchandise exports). Further, “copyright-intensive” industries, which include sound recording businesses, directly employ 5.1 million people, support an additional 2.5 million related support jobs, and account for 4 percent of GDP ($640 billion).
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Record Store Day Boosts Music Sales Music sales surged at independent retailers on America’s fifth annual Record Store Day, held in April to encourage fans to rediscover their local music stores. Vinyl album purchases during Record Store Week were nearly double the levels of a normal week, and physical single sales doubled compared to Record Store Day 2011, according to Nielsen SoundScan. Check out RIAA’s blog post on the event for vinyl music sales statistics and more.
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