Music buyers download more

Digital music revenues have overtaken those for CDs for the first time, marking a milestone for the music industry.
By The Newsroom
Published 1st Jun 2012, 07:00 BST

Income from downloads and streaming services made up 56 per cent of the £156m that music buyers spent in the first quarter of the year.

Figures from the British Phonographic Industry (BPI) show cash from digital sales has risen by nearly a quarter, year on year, to £86.5m. At the same time, revenue from physical formats, such as CD and vinyl, slumped by 15 per cent, and now represents just £69.3m.

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Album downloads have soared by 22 per cent during the first three months of the year. They bring in more income than single downloads, and this is the second successive quarter in which this has occurred.