Music industry is alive and strong
...at least in Canada. Last week, Nielsen released its music industry report for 2008. Turns out that despite the industry's claims, we're still buying music here in Canada. What's changing is how we're buying our music.
Some interesting numbers:
- overall album sales were down 8.5%
- overall music sales were up 11.5%
Digital music is making the difference. Online album sales were up almost 70% and online track sales were up 58%. So even though overall they are selling less, people are starting to buy more online. Wonder if people will continue to move online to get their music, and if online sales numbers will ever make up for the loss of physical unit sales?
There's nothing on the Nielsen Soundscan website yet, but you can see all the numbers in the press release on BusinessWire.