The new year has officially begun. How’s it look for the Canadian recorded music industry? Let’s begin by going back 52 weeks and comparing things to this week.
- Total album consumption with TEAs and SEAs,* +17.8%
- Total album sales, -7.4%
- CD sales, -6.2%
- Digital albums, -15.9%
- Digital tracks, -7.6%
- Vinyl LPs, +4.6%
- On-demand audio streams, +18.8%
Now here’s a comparison of the first week of 2023 with last week.
- Total album sales, -13.8%
- CD sales, -13.9%
- Digital albums, -6.1%
- Digital tracks, -5.3%
- Vinyl LPs, -23.2%
- On-demand audio streams, +6.3% (2.543 billion streams in the country last week)
- *TEA (Track Equivalent Albums): 1,500 downloads from that album = one album sold) SEA (Stream Equivalent Albums): 1,500 streams of an album from a paid streaming platform or 3,750 streams from a free one)
All figures courtesy Luminate.