Records Flat

According to the RIAA, “Revenues are still well below the highs of over a decade ago, [but] total U.S. music industry revenues showed a second year of stabilization relative to the steep declines of prior years. Overall recorded music sales revenues for 2012 were $7.1 billion, down 0.9%, after a slight increase from 2010 to 2011.”

The RIAA found that digital format revenues continue to grow, and in 2012 blew past $4 billion for the first time ever, up 14% from the previous year.