Album Sales Are Dying as Fast as Streaming Services Are Rising

In 2018, Best Buy decided to stop selling CDs, with the change partly brought on by record labels' increasing reluctance to even issue them. Both choices are symptoms as well as causes of a seemingly inevitable trend: Buying music is now going out of style nearly as fast as streaming music is rising. From a report: In 2018, album sales fell 18.2 percent from the previous year and song sales fell 28.8 percent, according to U.S. year-end report figures from data company BuzzAngle, which tracks music consumption. Meanwhile, total on-demand music streams, including both audio and video, shot up 35.4 percent. Audio on-demand streams set a new record high in 2018 of 534.6 billion streams, which is up 42 percent from 2017's 376.9 billion streams.

It's tricky to compare the specific unit numbers of sales to streams --since such a comparison would be pitting continuous playback of a certain piece of music against a one-time purchase of it -- but certain other milestones in the consumption market can help highlight just how much streaming is replacing physical sales and downloads in America. For instance: Even though total song downloads are still in the hundreds of millions, they're coming down in scale at the top. In 2018, there was not a single song that broke 1 million sales -- compared to 14 songs that reached that figure in 2017, 36 in 2016 and 60 in 2015. At the 2 million sales mark, two songs took that trophy in 2017, while five claimed it in 2016 and 16 songs made it in 2015, throwing the modest figures of this year's sales into even sharper relief.

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