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Friday, 6 January 2012

Sales of Digital Music overtook Physical formats

From the references of Times Magazine and CNN Money, its been revealed that people are now highly interested in shopping music online. With the iTune music store trend, music lovers have become more sophisticated and opting for online music purchases.

According to a Nielsen and Billboard report, digital music purchases accounted for 50.3% of music sales in 2011. Digital sales were up 8.4% from the previous year, while physical album sales declined 5%.

Lady Gaga was found to be the most streamed artist whereas Adele's album 21 was the top selling album both online and physically, and her popular song, "Rolling in the Deep," was the bestselling digital song, with 5.8 million downloads.

Digital music selling have become the eco-friendly format over traditional plastic format which is not the optimal one. Mobile and Smartphone revolution have proved to be the catalysts for the Digi-music trend.

Traditional music magazines like Rolling Stone and Spin Magazine have now created apps that allow users to purchase music while browsing, and services like Spotify have partnered with Facebook to boost music discovery and sharing.
(Courtesy- The Times Magazine, CNN Money)

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