2010 was a banner year for the music industry. But where did the fantastic and bold statements describing the upward trends come from? Take a look at the numbers that back it all up in the Nielsen & Billboard 2011 Music Industry Report.
NARM was nice enough to pick out some of the best factoids from the report:
- For the first time, total music purchases reached the 1.6 Billion mark for the year.
- Overall Album sales (including Albums and Track Equivalent Album sales) were up 3.2% compared to 2010.
- Total Album sales were up for the first time since 2004 (1.3%) with sales totaling 330.6 million compared to 326.2 million in 2010.
- There were 228 million physical album sales in 2011; a decline of 5% over 2010. This is significantly less than the 19% decline in 2010.
- During 2011 there were 76,875 new albums released that sold at least one copy, that’s up slightly from 2010 when there were just over 75,000 new albums released.
- Similar to a year ago, there were 11 albums that sold 1 million or more copies and 35 albums that sold 500,000 – 999,999 copies.
- While there were a number of album genres that experienced growth over the previous year, 3 smaller genres experienced double digital growth in 2011. Jazz, New Age and Electronic grew by 26%, 16% and 15% respectively.
- The genre that experienced the biggest decline for 2011 was Soundtracks; down nearly 20% over 2010.
- For the fourth consecutive year, more vinyl albums were purchased than any other year in the history of Nielsen SoundScan.