The day that digital music outsells their time-tested physical counterparts is finally upon us. Just this week Atlantic Records
that more than half of its music sold within the United States was digital, thanks mostly to iTunes and cell phone ringtones.
But sadly, with the lowered amount of in-store copies being bought, there’s ultimately a smaller pie to get a digital piece from. Analysts at Forrester Research are estimating that music sales in the United Sates will go down to $9.2 billion in 2013, from $10.1 billion this year. Compare that to the $14.6 billion in 1999, and there’s a disturbing trend for record execs.
It’s expected that piracy has a good deal to do with the lowering numbers, but the ailing economy could very well be a large factor. The real question though, is how long until an overwhelming majority of music sold is digitally? It can’t be too far off.
Image Credit: Atlantic Records