Did you catch this article last week on CNN? Digital Music tops Physical Music Sales. Here’s a couple of quotes from the article:
“According to a Nielsen and Billboard report, digital music purchases accounted for 50.3% of music sales in 2011. Digital sales were up 8.4% from the previous year, while physical album sales declined 5%.”
“While services like Napster blazed the trail for online music consumption, offerings like Apple’s 99-cents-a-song iTunes catalog as well as those from a host of startups have broken down traditional music-purchasing barriers. Most customers now prefer shopping online to buying in a store.”
For that matter, you don’t even have to buy music to enjoy it anymore. We finally took down our Christmas decorations last weekend. While doing that, we listened to some classic jazz via Pandora. Obviously, a radio would work here too … but not for the type of music I was listening to!
So … libraries and music. My public library has a pretty large CD collection. We also subscribe to Freegal (a library-oriented service that basically gives patrons 3 free music downloads a week). We have also seen a demo for the library version of Rdio (not impressed yet).
In five year’s time, what will we be doing? How will we be collecting music? Will music still be listed for checkout in our library catalogs? Or will we point patrons to Spotify/Pandora/Rdio/etc?
I’m not sure … what do you think?
guitar pic by Bigstock