Digital downloads take a hit and only make up 11 PERCENT of music sales in the US as fans rush to streaming services and even buy more vinyls and CDs In 2018, revenues from recorded music in the United States grew 12% to $9.8 billion at estimated retail value But download purchases made up just 11 percent of label revenue Total revenue from downloaded music fell to $1.04billion - album sales brought in $500million while individual tracks got $490million Physical sales made 12 percent of total music revenue Vinyl records saw an increase in sales of eight percent, bringing in a total of $419million in 2018 It was the highest revenue earning year for vinyl since 1988 Streaming sales made up the largest chunk of all music sales, pulling in 75 percent of all revenue
By Dailymail.com Reporter
Published: 06:46 GMT, 1 March 2019 | Updated: 06:46 GMT, 1 March 2019
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Digital downloads for music are so prehistoric that now, more people are actually buying vinyls and CDs instead of dishing around a dollar for a hot new track.
Download purchases made up just 11 percent of label revenue in the United States last year, according to a Recording Industry Association of America (RIAA) report released on Thursday.
The figure falls just one percentage point short for the amount of physical sales that actually happened in the year - 12 percent.
In 2018, revenues from recorded music in the United States grew 12% to $9.8 billion at estimated retail value (stock)
