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The album-equivalent unit, or album equivalent, [1] is a measurement unit in music industry to define the consumption of music that equals the purchase of one album copy. [ 2 ] [ 3 ] This consumption includes streaming and song downloads in addition to traditional album sales .
Digital album sales were down 12% to $107 million while individual track sales were down 14% to $97 million. Downloads accounted for just 3% of U.S. recorded-music revenues in the first half of 2023.
In 2014, U2's album Songs of Innocence was released for free on iTunes. Apple's deal with U2 and the band's label, Universal Music, which stands to lose more than a million full-price sales because of the free download offer, guarantees $100 million worth of high-profile marketing for the album. [39]
Onkyo Music, a reseller of 7digital's services, closed worldwide on October 6, 2019. [25] CD Baby closed its retail store on March 31, 2020. [26] Google Play Music began to shutdown its music store in September 2020 and completed its shutdown worldwide by December. [27] Acoustic Sounds shutdown its Super HiRez digital downloads service on ...
Recorded music sales in America plunged another 7% to about $6.2 billion last year as the sharp 16% drop in CD revenue more than offset gains in digital-media sales, according to a report released ...
The U.S. recorded-music business continues its upward swing, posting a near-record $15 billion in revenue for 2021, driven by a surge in streaming, solid vinyl and even CD sales, and the inclusion ...
If two or more artists have the same claimed sales, they are then ranked by certified units. The claimed sales figure and the total of certified units (for each country) within the provided sources include sales of albums, singles, compilation-albums, music videos as well as downloads of singles and full-length albums.
Digital album sales, which passed physical album sales in 2011, declined in 2013, likely due to streaming services making the concept of owning music irrelevant. This might mean the slow end of ...