Report: How We Spend Our Money On Music

While 2014 was a monumental year for music streaming, it highlighted how the music landscape is fragmenting, just like the entire media arena is. CDs and cassettes declined, while vinyl reported its ninth consecutive year of sales growth, according to Nielsen Music 360 report.

With 9.2 million units sold in 2014, vinyl sales roared past the 6.1 million units sold in 2013 by nearly 52%. Given the more-than-two-year trend of rising sales, vinyl now accounts for 6% of physical album sales.

On average, U.S. consumers report spending $109 each year on music. So aside from albums, what other types of music options are consumers spending their money on? Surprisingly, live events are gaining momentum, as they now account for more than half of total music activity spending each year.