Also in this playlist...
This transcript is automatically generated
Big news here music sales beacon of American Idol and are -- more than 1% after.
More than six years of declining -- Eric Weinberg is president of entertainment for doesn't company joining us now.
To explain -- -- crazy here great to have you so we hear about the resounding success -- huge ratings for shows like American Idol the fact that he pretty much get music anywhere on your Smartphone your computer not to mention -- concerts and special music theories out there.
Absolutely it's a great time to be a music stand these days what we're seeing that -- in the results after six years of decline music sales are.
Showing a nice little increase this year it's not time to break out the champagne yet but -- close to 2% increase here every year in sales.
Is a great start.
How much of it is attributable to all the new technology out there or is it because of some pretty awesome talent top there's a Lady -- this Adele is amazing -- had a fantastic run she's been number one for eight of the last twelve weeks and I think this week she could be close -- tap again.
But it's more than just one actor one performer we're seeing increase of digital singles increase in digital albums.
And huge growth in catalog sales though it's a great story built on multiple foundations of success catalog sales.
Apple bringing on The Beatles iTunes right you can -- absolutely that was a huge coup for -- Apple for EMI and what it did is it brought a whole new type of consumer to digital consumption.
One of the things we worried about last year with a digital sales were flattening off but this year we've seen in close to 10% increase.
In digital single sales which is great so there's this explosion in digital sales as you're describing what I think is fascinating.
Is sort of the flashback to -- says a lot of -- love their vinyl albums records -- sat.
You know I think is when things get digital people -- -- -- -- -- they like playing with the album they like listening to -- it's a different sound experience what exactly -- didn't want to become a different sound experience -- -- not a very nice -- here I wouldn't -- -- to listen -- I couldn't -- I was -- to a final record -- I think behind you more likely to -- -- I think you're more likely get -- -- -- that absolutely -- BC with vinyl sales at its huge success among rock albums.
Rock -- constitute the biggest.
Buyers of final.
People like that stuff desolate looking at the aren't they like the experience when we're younger we say go sit and put an -- -- and sit around and listen to and they really enjoy that so you've got digital access to music you've got these vinyl records.
CD's I mean with a physical record go obsolete I think what's great about that -- -- today is that there's going to be multiple ways to get music in no one way it's gonna go away.
Digital actually for the first time this year surpassed physical in terms of sales but physical is still quite popular particularly if you look at certain types of music like country music.
Physical dominates the sales there so.
The challenge for the music industry -- both the opportunities they need to manage a world where there's physical sales there's digital sales there's sites out there you can watch streaming videos.
Everything is available touch missing a lot of deal activity buzz around companies like Warner Music Group chart EMI -- -- bump up in sales that's got to help this this helping Ross I think when things we're saying -- sisters there's always been a huge interest in music.
Consumption of music remains in an all time high sales have been declining.
So obviously that the timing is right for people to get more -- in these assets and we gonna hope that sales continue to grow during the year all right rock son Eric at exactly thanks so but Eric -- as the president of entertainment for the Nielsen Co.
Filter by section