The CD is still king of the music biz in Australia – but it’s hurting badly

The CD album was by far the biggest money-making music format in Australia last year, despite the revenues it generated falling 18.6%.

CD albums generated AUS $115.3m in 2014, down $26m from the $141.74m they created in 2013.

That made it the only format to pull in more than $100m according to new ARIA data, ahead of digital track sales, which generated AUS $85.2m, and digital albums, which generated AUS $67.1m.

The volume of CD album sales was down 11.7% in 2014 to 12,563,714, from the 14,226,201 sold in Australia in 2013.

CD wasn’t Australia’s worst hit physical music format in 2014, however: music video / DVD sales were effectively slashed in half in 2014, down 47% from AUS $14.29m in 2013 to AUS $7.57 in 2014.

The volume of music video/DVD units sold also dropped 47%, to 757,645.

And then there was vinyl. Income created by the format-of-the-moment jumped up 127% in the year to AUS $2.84m, but this represented just 0.75% of the total market.

Unit sales of vinyl albums were up by 101% overall to 277,767.

Read MBW’s in-depth market analysis of Australia in 2014 through here: a year that saw the overall recorded music market decline yet again, by 10%.

AlbumsOz

DigitalvsphysicalOz
[Pictured: The Very Best Of INXS album was the No.4 bestselling LP in Australia in 2014]Music Business Worldwide

Related Posts