RIAA report shows CD sales declining at alarming rate, vinyl striving for market longevity, and streaming reigning supreme

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RIAA report shows CD sales declining at alarming rate, vinyl striving for market longevity, and streaming reigning supremeVinyl Record Store

The sales trajectories of CDs and vinyl continue to diverge in the Recording Industry Association of America’s (RIAA) mid-year report. The RIAA’s assessment of the music market compares the first half of 2017 with that of 2018, a stretch of time in which CD sales continued to plummet by 41.5 percent, while vinyl accomplished a 12.6 percent increase. Although the CD is a physical format that did sell copies by the millions from 2017-2018, the RIAA’s report indicates that shipments of physical formats dropped by 25 percent, a significant rate of decline that exceeds that of previous years.

The CD’s swift fall from favor contrasts with vinyl’s annual ascension, a format that holds a unique attraction for listeners given its audio quality and vintage character. “I definitely believe the next decade is going to be streaming plus vinyl — streaming in the car and kitchen, vinyl in the living room and the den. Those will be the two format,” Jack White told Rolling Stone. The RIAA’s information identified a 28 percent growth of the streaming marking between 2017-2018, a number that only validates the longevity that White predicts for streaming. The RIAA’s report follows the U.S. Senate’s recent unanimous passing of The Music Modernization Act, which can be expected to bring pivotal change for all producers active within the music industry.

H/T: Rolling Stone

Marshmello and Anne-Marie’s ‘Friends’ goes platinum

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Marshmello and Anne-Marie’s ‘Friends’ goes platinumMarshmello Anne Marie

Marshmello and Anne-Marie‘s friend-zone anthem, “Friends,” has gone platinum. The platinum plaque recognizes 1 million units sold in the U.S. by the Recording Industry Association of America (RIAA), which are distinguished by single digital sales or 150 streams on platforms like Spotify and Apple Music. Those these numbers are nothing to turn one’s head at, however, it is important to look at other locations where this catchy anthem is consumed. Take YouTube, for example, where the melodic and unflinching track amassed nearly 600 million plays between Marshmello’s playful animated lyric video and the official music video as of Aug. 23. “Friends” peaked on Billboard Hot 100 at No. 11, but it’s clear the core of this song has a continuing resonance that isn’t slowing down. 

Marshmello collaborations have again and again proven to be hits. In a press release announcing the platinum certification, Anne-Marie expressed her feelings about working with the masked master track-maker stating, “I love Marshmello…Working with him was so much fun and I can’t wait to work with him again. Talented, humble, lovely human…..I mean, Marshmello.”

On Aug. 20, with the continued enthusiasm and momentum associated when a track turns anthem, Anne-Marie accepted RIAA’s framed plaque right before performing a sold-out show at the Roxy Theater in Los Angeles. Of course, Marshmello isn’t slowing down either having recently announced a collaboration with Juice WRLD. Who knows what these tastemakers will do next.

Michael Jackson’s ‘Thriller’ unseated as bestselling US album of all time

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Michael Jackson’s ‘Thriller’ unseated as bestselling US album of all timeMicahel Jackson Live Grammys 1986 Credit Kevin Mazur

Micheal Jackson may forever be hailed as The King Of Pop, but Thriller has recently been announced second in line to the throne in US album sales.

According to the Recording Industry Association of America (RIAA), Jackson’s world famous Thriller, which has gone a staggering 33-times platinum is now second in command to the Eagles‘ first compilation album, Their Greatest Hits 1971-1975. The group’s 38-times platinum has assumed the title of all-time bestselling album in the US. Be that as it may, MJ’s Thriller remains the best-selling album worldwide. Since the streaming and digital download takeover of the last decade forced emphasis away from direct sales, the RIAA’s new calculations now take those methods into account, with 1500 streams of an album or 10 song downloads equating one album sale.

“We are grateful for our families, our management, our crew, the people at radio and, most of all, the loyal fans who have stuck with us through the ups and downs of 46 years,” said the Eagles’ Don Henley in a recent statement. “It’s been quite a ride.”

This isn’t Their Greatest Hits first go at the top spot either. The last time the RIAA calculated the album’s sales in 2006, it catapulted to No. 1. However, Thriller surged ahead once more in 2009 following Jackson’s death.

H/T: The Guardian

 

Drake’s ‘Scorpion’ went platinum the day it dropped

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Drake’s ‘Scorpion’ went platinum the day it droppedDrake Live

Popular consensus is that Drake took the L in his highly publicized beef with Pusha T. In the grand scheme, perhaps he lost that battle, but less than one week after The Boy’s massive fifth studio album, Scorpionit’s becoming increasingly safe to say he’s won the war. That’s because after not only shattering Spotify, Apple Music, and Amazon’s single day streaming records, Drizzy also broke the previously standing first week streaming record in a mere 72 hours with over 430 million rinses. The numbers continue to roll in though, and it appears the “Talk Up” rapper’s double-sided album also went platinum in a single day too. According to stats from the RIAA, the 25-track LP release raked in over one million album equivalent units on June 29 — the day it was released.

Drake’s numbers are only bound to keep inflating, with physical copies of Scorpion expected to hit shelves in the coming weeks. In a recent interview, DJ Premier, who contributed to Scorpion on arguably the record’s strongest piece “Sandra’s Rose,” reveals that Drake’s team still has new material in the chamber, including more from Primo himself. Rap beef and viral moments aside, Drake is dominating the charts and the history books at the same time and he could potentially have more music on the way.

Stream counts and vinyl sales surged in 2017, according to new RIAA report

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Vinyl

The Recording Industry Association of America — RIAA — surveyed the state of the US music market in its summary of the sales of recorded music in the United States.

The RIAA’s report indicated that physical sales have surpassed those of the digital download market for the first time since 2011. Revenues for the physical and digital sectors increased 16.5% to $8.7 billion, despite the industry’s regression to its 2008 revenue level, which is 40% off “peak numbers.”

Streaming unsurprisingly comprises a large portion of the US music market, accounting for up to 65% of total recorded music revenues. Paid subscriptions to music streaming services like Spotify and Apple Music exceeded 35 million subscribers, as compared with a total of 22.7 million in 2016.

More than 300 billion songs were streamed on streaming services that show ads, including YouTube, VEVO, and ad-supported Spotify.

Downloads alternatively fell 25%, in the midst of the physical market’s loss of just 4%, a decrease that the summary underscores as “a lower rate of decline than recent years.”

When it comes to physical formats, vinyl reigns supreme in market ascendance, rising the fastest out of all physical products. Revenues from LP and EP sales rose 10% in 2017 alone, thus marking the 12th consecutive year of sales climbs for vinyl, vinyl now making up 8.5% of all US album sales.

H/T: Resident Advisor

RIAA Names Zedd and Alessia Cara’s ‘Stay’ As The #1 Dance Recording Of 2017

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The Recording Industry Association of America has formally announced their top dance recording for the year of 2017. The industry is behind the awarding the different sales milestones that singles and albums reach such gold, platinum and occasionally diamond. Obviously their choice was a hit record that nailed down not just platinum status but double

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Monstercat Receives Its First Platinum Record With Marshmello’s ‘Alone’

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Monstercat, Mike Darlington, and Ari Paunonen have something to celebrate as Monstercat has received its first RIAA Certified Platinum record. Aside from winning DJ Mag’s Best Breakthrough label this past year, Monstercat has grown significantly since its beginnings back in 2011. “Alone” was released back on May 13, 2016 and has sold more than 1,000,000

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Purple Lamborghini By Skrillex and Rick Ross Just Went Platinum

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When Skrillex and Rick Ross released “Purple Lamborghini” on July 22, 2016, both artists knew what they were sitting on. The song was released as a single for the motion picture soundtrack for the Suicide Squad film and had Jared Leto reprise his role for the official music video. On Decemeber 6th, “Purple Lamborghini” received

The post Purple Lamborghini By Skrillex and Rick Ross Just Went Platinum appeared first on EDM Sauce.

The Chainsmokers Had Two Songs Go Platinum Today

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As The Chainsmokers are currently embarking on their Memories…Do Not Open tour, The Chainsmokers received some pretty surprising news today. On Twitter, The Chainsmokers wrote that two of their tracks just went platinum in the United States. The first song that went platinum was their single with Coldplay titled “Something Just Like This,” while their

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Grey, Zedd & Hailee Steinfeld’s Hit Collab “Starving” Goes Platinum in the U.S.

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Since EDM’s explosion in popularity, many crossover tracks have made their way to top 40 radio and sold thousands of copies. Zedd, one of the genre’s leading crossover ambassadors, has experienced some of the most success from adapting his electro house sound to fit pop radio, with hits like “Clarity,” “Stay the Night” and “I Want You to Know” selling over a million copies — or going platinum under the Recording Industry Association of America‘s classification for single sales.

This week,  we learned Zedd has yet another hit to add to his roster of platinum-earning singles, his very first as a featured artist: “Starving,” his hit collaboration with duo Grey and actress-turned-pop star Hailee Steinfeld. “Starving” released in July 2016 with both chart and critical success, with the three performing the track live at events like the Nickeloden HALO Awards show, and now the single has earned a spot atop the platinum-earning RIAA singles ranks. Congratulations to Grey, Hailee Steinfeld and Zedd!

Watch the “Starving” music video below:

This article was first published on Your EDM.
Source: Grey, Zedd & Hailee Steinfeld’s Hit Collab “Starving” Goes Platinum in the U.S.