Survey of Music Business

Where are we now?

Interesting Statistics

• According to the New Music Seminar, in 2011 more than 94% of all released albums sold less than 1,000 copies.

• Digital delivery approximated about 50% of all music revenue in 2011 as well according to the Recording Industry Association of America.

• According to the RIAA, US digital music revenue increased 14% in 2012 to just over $4 billion, but an overall drop of nearly 1% in total revenue to $7 billion

From New Music Seminar and RIAA

RIAA 2012 Music Stats • Adele’s “21” sold 4.4 million units topping the charts last year.

• Physical album sales dropped another 12.8% in 2012.

• Vinyl album sales increased nearly 18% with more than 4.5 million units sold.

• Spotify had more than 5 million subscribers in 2012 as well.

• Radio spins are outnumbered by streaming media spins by a ratio of 132 to 1. (NMS stat from 2011)

• Radio spins were 158 million while digital streams were 21 billion.

US Digital Music Sales in 2011: Courtesy of RIAA

Gaming has a similar trajectory• Gaming revenue in the US totaled $14 billion in

2012 according to Games Market Dynamics Report.

• $5.9 billion came from digital sales, while physical sales approximated $9 billion, which is a drop of over 21% from 2011.

• Large studios are closing and getting away from physical platforms and consoles and going towards streamed and/or digital content.

Current Kick Starter Stats

What about recording studios?