Canada passed a big musical milestone last week. Maybe you had something to do with it.
Canada passed an interesting musical milestone last week and if you’re up-to-date on your tech, you may have had something to do with it.
For the first time ever, Canadians streamed more than one billion songs in a week. That means if you were on Spotify, Apple Music, Google Music or whatever, you were part of this record.
Streaming is up over 58% year-over-year–and that is having an effect on everything else.
Total albums sold year-to-date? Down 28%. Totaly physical albums? Down 28%. Total physical albums? Down 33%. CD sales, down a whopping 375. Digital albums and tracks? Both down 19
There are only two bright spots are streaming (see above) and vinyl, which is ahead by 34%.
Five years from now, we’re going to look back on this week and say “A billion streams? That’s all? And the industry still tracks the sales of CDs?”