Via: Billboard

Recorded music gets less of a household’s entertainment spending than video games, movies, sports and reading material. Each year for the last decade, music spending has dropped as consumers spend less on CDs. But this isn’t the first time the record industry has suffered a setback, and a rebound would hardly be the first.

According to data released this week by Nielsen, recorded music has a 3.7% share of U.S. household entertainment expenses. That is a mere 16% of what the average household’s spending on regular TV packages, such as basic cable, and about half of what is spent going to the movies. (Not included in these figures are expenditures for dining out and shopping, which were included under the entertainment catch-all by Nielsen.) Live events, including sports and live music, account for 7.9% of entertainment spending. [Read More]