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.

 

In this current issue:

Report: LifeWay eyes site for new headquarters

News image

LifeWay Christian Resources has entered talks to purchase a 1.6-acre...

READ MORE

2015 ICRS to expand international offerings

News image

An expanded international program at the 2015 International Christian Retail...

READ MORE

Chris Tomlin marks biggest tour yet with CURE partnership

News image

More than 200,000 people attended GRAMMY-winner Chris Tomlin's Love Ran Red Tour...

READ MORE

Award-winning author Vicki Courtney signs multi-book deal

News image

B&H Kids, the children’s imprint of B&H Publishing Group, has...

READ MORE

B&H, LifeWay take home six SEPA Awards

News image

B&H Español and LifeWay Español won a combined six awards...

READ MORE

CR Update takes Memorial Day break

News image

The Christian Retailing Update newsletter will not sent Monday, May...

READ MORE

Industry veteran joins Eerdmans as new editor-in-chief

News image

William B. Eerdmans Publishing Company, an independent family-owned publisher since...

READ MORE

2015 Christy Awards announces event speakers

News image

The 2015 Christy Awards for excellence in Christian fiction will...

READ MORE

LifeWay prayer event taps into Kendricks' new film theme

News image

LifeWay Christian Stores will be holding a War Room Day of...

READ MORE

Send The Light launches new 'user-friendly' website

News image

Send The Light Distribution (STL) rolled out a brand new...

READ MORE

B&H books launch alongside Kendricks' 'War Room' film

News image

War Room, the highly anticipated fifth film from Alex and...

READ MORE

Audio Adrenaline's latest album debuts atop 'Billboard' chart

News image

Two-time GRAMMY Award-winning group Audio Adrenaline's latest album, Sound of...

READ MORE
100%
-
+
0
Show options

a