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.
56% of US smart phone owners used their phone for listening to music.
Of the streaming services used by US music listeners, Pandora’s free service dominated, in use by 39% of respondents.
AM/FM radio is still the primary method for music listening, cited by 24% of respondents.
The 10 most popular posts at Audiolicious.tv for 2012, according to page views.
For 38% of musicians, Facebook views had a significant effect on album sales, a stronger impact than traditional radio plays had.
37% of US internet users responding to a survey from The NPD Group said they listened to music on an internet radio service in the 3 months prior to the survey.
While streaming is especially popular with younger consumers, downloading music through services like iTunes is still a prominent way to listen to music.
The 16-to-20-year-old age group streams the most music content.
49% of teens and college-age consumers reported spending zero dollars per month on music.