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:

Vote in March in Christian Retailing’s Best awards

News image

It’s time to vote! Christian Retailing invites anyone involved in...

READ MORE

New Hampshire store wins Joyce Meyer book display contest

News image

In 2014, Faithwords, a division of Hachette Book Group, held...

READ MORE

‘Expect’ to transform lives at ICRS in Orlando

News image

The International Christian Retailing show returns to Orlando, Florida, this...

READ MORE

New product accessibility highlights AmericasMart March Market

News image

Industry-leading educational programming and collaborations complement an efficient product sourcing...

READ MORE

‘God’s Not Dead’ takes top honors at Movieguide Awards

News image

Pure Flix Entertainment’s best-selling DVD God’s Not Dead received top...

READ MORE

‘The Devil in Pew Number Seven' to hit the big screen

News image

AFFIRM Films and Mass Hysteria Entertainment Inc. have announced their...

READ MORE

The Parable Group launches 2nd annual writing contest

News image

The Parable Group, its retail partners and WestBow Press—the strategic...

READ MORE

Destiny Image: 'We made the right decision'

News image

Citing major financial considerations, Nori Media Group CEO Don Nori...

READ MORE

LifeWay signs letter of intent on Nashville property

News image

After analyzing more than a dozen offers to purchase its...

READ MORE

700 Club, Joni to feature lauded HCI authors

News image

HCI Books authors Tonier Cain and Erin Merryn will get...

READ MORE

InterVarsity Press inks Tampa pastor to book deal

News image

Pastor, author and recording artist Tommy “Urban D.” Kyllonen has...

READ MORE

Worthy signs Sandra Hagee Parker for debut book

News image

Worthy Publishing announces it signing of author Sandra Hagee Parker—daughter...

READ MORE
100%
-
+
0
Show options

a