Major Record Labels See Growth . . . But still say sales are in decline

As more data is released from 2014, we can see that major record labels celebrated a year of indisputable growth. Yet, they continue to include language that makes it sound as if the industry shrank.

“While the U.S. music industry suffered through its worst sales year since the advent of SoundScan (now Nielsen Music) in 1991, streaming was so strong last year that the industry nevertheless saw growth — yes, growth — in 2014, when new metrics to measure music revenue are taken into consideration.” Continue reading

Billboard Admits There’s more to Industry than Album Sales

In a moment of clarity, Billboard admits that album sales don’t tell the whole story of record label revenues. According to Billboard, “there’s more to the story. Recorded music looks better when streaming gains are taken into account.” As I’ve been arguing for a while, record labels earn revenue from a number of sources well beyond album sales. So the recent decline of albums and tracks is rather irrelevant when considering industry profits.

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