Life is all about firsts, isn’t it? The first son, the first daughter, the first kiss, the first car, the first wife…all right, let’s not go there, but you get the picture. Digital music sales, for all intents and purposes, has been lagging behind CD sales all this time – until 2012, that is. For the first time in history, digital music sales have finally overtaken revenues from CDs as well as other physical formats, with record executives treading carefully in a rather reserved cheer. This has happened in Britain, but will it also be emulated elsewhere? We garnered information that downloads and audio streaming made up 55.5% of overall UK record industry revenues in the Q1 of 2012, and it would be interesting to see just how the subsequent quarters are going to perform. This particular switch from physical to digital music in Britain is a path that the US has already tread, where downloading and audio streaming made up for over 50% of record industry revenues for 2011. Did you contribute to the bottom line, or are you still a CD fan?
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