An article featured on the website Music Think Tank discusses how online music streaming is actually resulting in increased revenue to the recording industry in the U.S. in recent years. More consumers are now embracing online streaming, while physical sales of recorded music continue to sharply decline. Interestingly, sales of vinyl albums have increased significantly in recent years as vinyl has enjoyed a resurgence, however, it represents a tiny fraction of all music sales.
Click here to read the full article: http://www.musicthinktank.com/blog/on-demand-music-content-now-stands-at-the-center-of-us-recor.html
Interesting article and I am certainly behind the times. I for one liked to go to stores like Best Buy and pick up a cd. Guess I need to get into the 21st century and start downloading them to a device!
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I’m happy to see this, but would certainly hope that some of these revenues go to the artists, and not just the “recording industry”. I don’t download a lot of streaming content, except maybe podcasts, and only buy music that I think I’ll like forever (my most recent purchase was Adele’s “25” album). I still have old vinyl, but no way to play it anymore!
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I still have my “old” vinyl from the 70’s and 80’s. I also still have my “old” Technics turntable to spin them on. I don’t know it that makes me an old fart or a new age deejay.
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Probably both!
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Damn…now I have to think of a cool deejay or band name for weekend gigs.
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