Music Streaming Services Continue to Grow Essay

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Total Length: 325 words ( 1 double-spaced pages)

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Sales Current Events

Sisario, Ben. (2014, September 25). U.S. music sales drop 5%, as habits shift online. New York Times, B3. Accessed 13 October 2014 at http://www.nytimes.com/2014/09/26/business/media/music-sales-drop-5-as-habits-shift-online.html?_r=0.

The music sales landscape is constantly shifting, thereby creating considerable concern among music executives. In the New York Times article by Sisario (2014), the current sales figures for different music formats and outlets provide fuel for the theory that sales revenues are dropping because of music streaming services. Digital sales continue to represent the lion's share of sales, with 68% of the market, but downloads fell from 69% to 60% over the last year. Sales of CDs also fell by a full 19%. Concurrent with this trend was a drop in music sales revenues during the same period, from $3.

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4 to $3.2 billion.

The good news behind what appears to be an appalling drop in CD and digital download sales in an increase in streaming subscriptions, from 6.1 to 7.8 million over the past year….....

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