News & Jukebox Chart

Official Charts Company reports 2013 set to become a record year for music sales

Official Charts Company reports 2013 set to become a record year for music sales Despite a great deal of media commentary on the decline of the music industry over recent years, new statistics suggest 2013 could be on track to become the biggest year on record for singles sales.

Spurred on by impressive sales of Daft Punk’s recent chart-topping single, Get Lucky, singles purchases have increased by 2.5 per cent since this time last year. This is according to the latest statistics released by the Official Charts Company, compiled across over 6,500 retailers and online stores.

In addition to this promising singles trend, Now 84, the latest in the much-loved Now That’s What I Call Music series, has also become the top selling compilation album in history, with 680,000 copies sold to date. In fact, the enduring popularity of the Now franchise boosted compilation albums to become the fastest-growing sector last year, now accounting for one in every five album sales.

For Soundnet, 2013’s record sales underline the value today’s consumers place on being the first to hear the latest chart releases, as music trends change quicker than ever before. As a result, any delay in offering customers these new chart tracks means losing out on a vital opportunity to boost jukebox revenues, particularly since four out of every five jukebox track selections come from the chart and new releases category. Understanding this, Soundnet’s online digital jukebox includes automatic twice-weekly playlist updates, with new singles added to the jukebox within days of being released.

Beyond supplying fresh tracks, Soundnet are also committed to providing extensive music variety, particularly considering sales of compilation albums have grown so rapidly in recent years. Recognising the importance of catering to diverse musical tastes, Soundnet’s digital jukebox services provide venue owners with access to an online music catalogue of over seven million tracks, covering every genre from rock and pop to reggae and R&B.

For more information on the impact a digital jukebox could have on both the ambiance and takings of your venue, contact Soundnet.

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