Remember how we were told that sales of digital music was going to pick up the slack from falling CD sales? That will happen–but there’s bound to be a few bumps long the way. Like 2013.
For the first time since iTunes opened for business on January 9, 2001–13 years ago–the US music industry has seen a decrease in the sales of digital music. Billboard reports:
While industry executives initially refused to attribute the early signs this year of digital sales weakness to the consumer’s growing appetite for streaming, in the second half of the year many were conceding that ad-supported and paid subscription services were indeed cannibalizing digital sales.
In Canada, it’s a little different. Year-over-year digital sales are up marginally–but that might be attributable to the fact that we haven’t adopted streaming music services to the same extent as the US. We, for example, still don’t have access to the two biggest players, Pandora and Spotify.
Read the rest of the Billboard report here.