Half Of Music Purchases Will Be Digital By 2011

internet will reason.jpg A recent Nielson report says by the end of 2010 that half of music purchases will be via digital download. What does this mean to you? It means you may not need to press 1000 CDs to have them sit in a closet in your parents basement anymore! From the report:

“Half of music purchases will be digital by the end of 2010, and the
value of digital purchases are expected to exceed the value of physical
music purchases sometime in 2011, according to a presentation from
Nielsen at the National Association of Recording Merchandisers (NARM)
conference, Billboard reported.The percentage of music purchases made
from traditional physical record stores has declined from 68% in 2001
to 39% in 2009. Nielsen also found that just 35% of album sales in 2008
were of albums released in that same year — the lowest figure
SoundScan has ever recorded . When looking just at digital sales for
2008, 40% of all songs sold were released in 2007 or 2008; sales of
older digital albums were up 37% that year, while sales of current
digital albums rose just 27% in comparison. The Nielsen data also shows
that nascent formats like the slotMusic song-loaded memory card, and
pre-paid digital album cards, have seen a steep drop-off in sales.Since
January, slotMusic album sales are off 65%, while digital album card
sales have fallen 50%.”

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.