Streaming Now 70% of All Australian Music Sales Revenue - Noise11.com
ARIA, music news, noise11.com

ARIA

Streaming Now 70% of All Australian Music Sales Revenue

by Paul Cashmere on April 4, 2019

in News,Noise Pro

Streaming has taken over Australian music sales with ARIA now reporting 70% of all music sales coming from streaming in the past year.

Australian music sales revenues grew by 12.26% to $526 million in 2018. 71.4% of that revenue came from music subscription services such as Spotify, Apple and Google.

Actual music sales, (ie: physical releases including CD, vinyl etc) made up just 15%. While that is a staggeringly low figure it was a 15.2% increase on the previous year. (A physical sale is when a consumer actually hands over money for the ‘trophy’ instead of just listening to ‘the air’).

For example, there were 5,892,665 CD Albums sold in Australia in 2018. That means about 1 in 5 Australians bought ONE album over the entire year.

Vinyl sold 896,209 units in 2018, Music Video/DVD sold 245,686 units.

By comparison, digital albums (streaming) made $32,897,553. Subscription services generated $304,717,763 in revenue.

While we are seeing less and less music stores staying open over the decline, it is now starting to beg the question why major labels need offices all over the country (or indeed, in this country) when most of their revenue is now coming from a central database overseas. Without the physical disc and on-ground promo to manage, Australian record companies are quickly becoming music marketing companies. Signing, working and releasing local artists (A&R) has become less of a priority on the majors who now rely on signing independent labels who have already done the A&R heavy lifting as their stop-gap.

Regardless, ARIA is elated. Dan Rosen said in a statement, “The continued growth that we have seen in 2018 is strong recognition of the enduring creativity and resilience of our local industry.”

“This success comes from hard work and commitment to the ongoing investment in our local artists.”

“The opportunity for Australian artists to grow their careers on the global stage is immense. ARIA will continue to work with both Federal and State governments to establish the necessary policy settings to support and sustain our vibrant local music industry so we can ensure these unique Australian voices are heard around our country and around the world.”

ARIA Chairman Denis Handlin AO is equally thrilled with the revenue growth.
“We are delighted to announce that for the fourth consecutive year, there has been growth for the Australian recorded music business.”

“This result is a testament to the great music that is being produced by our outstanding local artists, as well as the tenacious approach that our local industry takes in marketing and delivering music from all around the world to fans across the country.”

“It is now more important than ever that Australia also has the right legal framework in place to protect and promote the work of our Australian artists to ensure artists are adequately remunerated for the use of their valuable recordings.”

Follow Noise11 on Twitter for news as it happens

For news as it happens follow Noise11 on Facebook

Noise11.com

Listen to the Noise11 Music News channel now at iHeartRadio

Comments

comments

Related Posts

Dune Rats Hurry Up and Wait
Australian Charts: Dune Rats ‘Hurry Up And Wait’ Debuts At No 1

Local Australian rock band Dune Rats see their third studio album called "Hurry Up and Wait" becomes their second successive No.1 album, as it debuts at the top of the ARIA Albums chart this week.

February 8, 2020
Cold Chisel Blood Moon
Australian Charts: Cold Chisel ‘Blood Moon’ Debuts As No 1 Album

It's been 21+ years since Cold Chisel graced the top of the Australian Albums Chart, but this week their ninth studio album "Blood Moon" becomes their fifth overall No.1 album locally.

December 15, 2019
Cold Chisel Blood Moon
Cold Chisel Blood Moon Is No 1 38 Years After Swingshift In 1981

Cold Chisel ‘Blood Moon’ is Australia’s number one album this week and that comes 38 years after Chisel first topped the chart with ‘Swingshift’ in 1981.

December 14, 2019
Sounds Australia and Dan Rosen of ARIA and PPCA
Sounds Australia Teams Up With ARIA For Funding Deal

Australian music export group Sounds Australia has announced ARIA as a funding partner, enabling them to offer further support to Australian musicians trying to break overseas.

December 6, 2019
Tones and I
Australian Charts: Tones and I ‘Dance Monkey’ Spends 13th Week at No 1

Tones and I remains at No.1 on the ARIA Singles Chart for a thirteenth straight week with her massive hit "Dance Monkey", making 2019 a very unique year indeed for long-running chart-toppers, as we've never had two 13 weeks running No.1 songs in the same year, plus she also lands her second Top 10 single this week too.

October 26, 2019
Tones and I
Australian Singles: Tones and I ‘Dance Monkey’ Spends 12 Weeks At No 1

Tones and I with her mega track "Dance Monkey" is atop the ARIA Singles Chart for a twelfth straight week, as she is now one week shy of the years longest running chart-topper in "Old Town Road" (13 weeks).

October 20, 2019
Tones and I
Australian Charts: Tones and I Becomes Longest Running Aussie No 1 of the Streaming Era

NEW CHART FEAT - "Dance Monkey" for Tones and I is atop the ARIA Singles Chart for an eleventh straight week, becoming now the longest running No.1 song for an Aussie Act EVER since streaming was taken into account.

October 12, 2019