Since peaking at $14.6 billion in 1999, the recording industry has shrunk to less than half its size, barely besting $7 billion in 2012.
This video of a dude lip-syncing and dancing to Bon Jovi’s 80s anthem Living On A Prayer at a Celtics game ignited the crowd at the time, went viral in 2009…and has done it again.
Estimates from research firm IBIS World project that worldwide revenues for music will fall from $27.6 billion this year to $26.3 billion by 2017.
This infographic from Sol Republic illustrates how we discover and enjoy music in the age of social media.
Watch a video infographic that illustrates the state of digital music in 2013.
Wall Street Journal Live gets an exclusive look inside Spotify, the young company that music insiders say might just save the record industry.
PSY will rake in at least $8.1 million this year, according to an analysis by The Associated Press of publicly available information and industry estimates.
For 38% of musicians, Facebook views had a significant effect on album sales, a stronger impact than traditional radio plays had.
49% of teens and college-age consumers reported spending zero dollars per month on music.
While online and mobile music revenues are expected to show strong growth rates in both the US and globally this year, physical music sales are projected to be down by 9% in the US, and 12% globally.