Christian Retailing

NEWSLETTERS Current Issue Christian music sales see 'modest growth'
Christian music sales see 'modest growth' PDF Print E-mail
Written by Eric Tiansay   
Friday, 26 April 2013 12:00 AM EDT

Christian music sales have seen a slight uptick as the entire music industry has posted its first revenue growth in 13 years.

"Overall, the Christian/gospel sales revenue has been relatively flat, with modest growth over the last two years," Capitol Christian Distribution Senior Vice President of Sales and Marketing Greg Bays told Christian Retailing. "Revenues are generally up, with growth driven by audio and video streaming—including subscription services, which have grown considerably."

Earlier this year, the International Federation of the Phonographic Industry (IFPI) revealed that global revenues rose 0.3% in 2012 to $16.5 billion, The Hollywood Reporter reported. Although the revenue bump was modest, IFPI said that it was the first sign of industry growth since 1999.

Another study from the NPD Group said that music file sharing declined "significantly" in 2012, noting a 26% drop in illegally downloaded music.

Bays said physical sales still account for two-thirds of total units sold in Christian music.

"So, as many others have noted, reports of the alleged death of the physical CD have been highly exaggerated," said Bays, former chairman of the Christian Music Trade Association, which tracks the sales of Christian music. "Although growth in digital formats is expected to continue to outpace physical sales, there is still a lot of Christian/gospel music business to capture in the physical retail space."

Christian music had its best year on the Billboard 200 last year, with five Top 10 chart debuts, including albums by TobyMac, David Crowder Band, Kari Jobe, Passion and Lecrae.

Bays noted that 2013 has started off with several Billboard 200 Top 10 debuts, including Chris Tomlin's Burning Lights (sixstepsrecords/Capitol), which debuted at No. 1 as did TobyMac's Eye On It (ForeFront Records/Capitol) last year; Hillsong United's Zion (Hillsong Music/Capitol); and Passion: Let the Future Begin (sixstepsrecords/Capitol).

"In addition, Colton Dixon's A Messenger [Sparrow Records/Capitol], delivered the best street-week sales for a contemporary Christian artist in SoundScan history," Bays said. "With many other key releases coming across the industry throughout 2013, this should be yet another strong year."

Read the full report in the upcoming June issue of Christian Retailing.

 
Read the Vacation Bible School 2014 guide

In this current issue:

Long’s Christian announces closing of Greater Orlando store

News image

Store owner Rodger Long recently announced the forthcoming closing of...

READ MORE

Study: Bulk of retail purchases happen in-store

News image

Most U.S. retail sales—a whopping 92%—still happen offline, according to...

READ MORE

July retail sales show consumers remain cautious in spending

News image

U.S. retail and food-services sales for July totaled $439.8 billion,...

READ MORE

The Byrds’ classic tune recut for ‘The Song’ movie soundtrack

News image

The biblical text that inspired The Byrds’ No. 1 hit...

READ MORE

LifeWay considers selling Nashville property

News image

LifeWay Christian Resources is considering selling all or part of...

READ MORE

Lecrae, Hillsong United among top GMA Dove Awards nominees

News image

The Gospel Music Association (GMA) announced the nominees for the...

READ MORE

Gospel Light names new CEO

News image

Gospel Light’s board of directors has named Dave Thornton as...

READ MORE

‘God’s Not Dead’ tops home-video sales charts

News image

Pure Flix film God’s Not Dead debuts at No. 1...

READ MORE

Christian retail groups aim to drive traffic with magazine program

News image

Covenant Group, Mardel Christian & Education and The Parable Group...

READ MORE

Fiction writers’ group partners with Family Christian Stores

News image

American Christian Fiction Writers (ACFW) is partnering with Family Christian...

READ MORE

Sales of Stormie Omartian Spanish books soar

News image

Stormie Omartian’s Spanish-language books continue to soar to the top...

READ MORE

Amazon pledges to continue fight for ‘reasonable e-book prices’

News image

Amazon tells its side of the story in its ongoing...

READ MORE
100%
-
+
0
Show options

a