According to data released by Nielsen Music, streaming services like Spotify and others grew 54% from 2013 to 164 billion in 2014, while music sales were down in virtually every category in 2014 compared to 2013.
Surprisingly, vinyl sales went up by a massive 52% to 9.2 million in 2014, making it the highest year for vinyl sales since 1991.
Digital music consumption continues its robust growth, with On-Demand streaming up 54% over last year and 164 billion song streams being played in 2014. Although overall music sales are showing declines, Vinyl album sales were up 52% in 2014, shattering last year’s record-setting total by more than 3 million LPs. In 2014, Vinyl album sales accounted for more than 6% of all physical albums sales, said David Bakula, SVP Industry Insights, Nielsen Entertainment.
Here are some numbers from the report:
Streaming services:
- 2014 – 164 Billion
- 2013 – 106 Billion
Albums (Vinyl)
- 2014 – 9.2 million
- 2013 – 6.1 million
Albums (General)
- 2014 – 257 million
- 2013 – 289.4 million
Albums (Digital)
- 2014 – 106.5 million
- 2013 – 117.6 million
Songs (Digital)
- 2014 – 1.1 billion
- 2013 – 1.26 billion
