Nielsen: Music Sales Up 1.6% In 2011
According to Nielsen, music sales are up 1.6% in 2011. Digital album and tracks dramatically grew through May 8. Physical albums declined year-over-year from the same period in 2010. But digital albums and track purchases were up 16.8% and 9.6%, respectively. Below are some additional stats as reported by Nielsen:
@amitchowdhry or on Google+ at +AmitChowdhry
* Vinyl sales increased 37 percent in the beginning of 2011 over the same period last year. Vinyl sales also rose 14.2 percent in 2010, although they only accounted for 1.2 percent of physical sales.
* 2011 saw the most successful Record Store Day in the event’s four-year history. Album sales at independent record stores increased over 39 percent the week of Record Store Day (April 16) from the prior week – an increase of 180,000 units – and 12.7 percent compared to 2010.
* Rock is the most popular genre of music, with 32 percent album share, while pop music represents 40 percent of all current digital tracks sold.
* Ninety-three of the 100 best selling vinyl albums in 2011 fall within the Rock or Alternative genres.