A Summary Of The Music Industry’s State From NARM

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Yep, it’s that time! NARM has released their annual report in conjunction with Nielsen and Soundscan on the state of the music industry. Some of the interesting tidbits include:

“Digital music is now 40% of the total music purchases compared to just
8% in 2005. It is projected that it will hit 50% by the end of 2010.

Between 2006 and 2008, rap music had the biggest drop in album sales,
dropping 44% with country down 36% and R&B down 34%. On the other
end of the scale, rock and hard rock are only down 18%.

Through the first five months of this year, rock and
alternative vinyl album sales have led the way, growing between 60% and
70% from last year. The real genre gains, percentage wise, has been in
country and gospel where sales are up 200% from a year ago.”

For a more detailed summary go here or download a full PDF of the report here.

Jesse Cannon is the editor of Musformation. He produces records at his studio Cannon Found Soundation. Follow him on Twitter at @JesseCannonMusF. For more info please visit his website.