Recording industry

Digital music sales have experienced rapid growth, overtaking physical products for the first time

Overall sales figures released by ARIA show that the dollar value of sales of sound recordings and music videos has decreased by 12% in 2013, following a slight increase in 2012.

While physical sales have continued to decline, digital sales have grown rapidly over the last four years and now account for 55% of the total market at $192.3 million, overtaking physical music products for the first time.