The RIAA’s yearly sales report is out, and the big news is that digital music sales have finally matched physical media sales, which literally nobody didn’t predict. What’s really interesting is how the digital music sales break down.
- We spent more money on singles than we did on albums. This is the iTunes effect, basically.
-We’re finally spending a meaningful amount on Spotify, Rhapsody and Rdio, but they still made up less than a 10% of digital sales and 5% of all music sales for the year.
-We spent a lot of money on “mobile,” which is made up almost entirely of ringtones and ringbacks. Yep: America spends as much on fuzzy cellphone snippets as it does on the inevitable future of music.
Pretty much all the digital numbers are up from last year, except ringtones (probably because of smartphone adoption) and music video sales (because of YouTube/Vevo).
Overall, the music industry grew by .2% last year despite collapsing CD and DVD sales. Great job, music industry! You are not dead. And great job, America! I recognize your ringtones from the radio.
- President Trump laid out an ambitious agenda in his speech to Congress, but Republicans are still divided on how to pass that agenda.
- The FBI is investigating if bomb threats against Jewish centers came from an internet "troll" and are profiling a lone, young, tech-savvy person.
- Facebook is using artificial intelligence for suicide prevention, scanning feeds for signs of people at risk of self-harm, then offering resources for help.
- Uber's CEO said he's "seeking leadership help" after dash-cam footage was published of him aggressively arguing with a company driver 😳