Music CD sales down in US massively
March 24th, 2007 Leave a comment Visited 54 times, 3 so far today
Music CD sales down in US massively
It looks like Apple is likely to grow even more in the music sales market in the United States. The latest market statistics show that the US sales of music compact discs plummeted 20 percent in the first three months of the year.
The sales of digital music is growing but has more or less fail to cover up the losses of sales of the music CDs. Nielsen SoundScan said in its report that around eighty nine million CDs were sold from the start of the year through March 18 as compared with 112 million CDs sold during the same period in 2006.
In comparison, sales of individual songs in digital format on the Internet touched 288 million compared to 242 million tracks last month in the same period.
Michael McGuire of Gartner Research said in a statement that the consumer is going for singles rather than buying a complete CD considering the fact that not all songs on a CD are worth purchasing the album for.
He said: “It comes back to consumers being in complete control of their media experience, and that is not going backwards. This is a tough business being a record label because they have to find new sources of revenue.”
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April 10th, 2007 at 3:19 am
This is the wake up call the music industry and artist needed to stop selling the public half azz product for full price money. It’s retarted to buy an album for $15.00 to only have 3 songs on it that you actually love. The industry has been stealing money from Joe Public for years selling us bad music front loaded with a few good songs and now they are being forced to get their act together and make some quality music.
Also, most people out there know that this is really a problem for the Lables and not the artist for it is the record company that makes the bulk of the money from record sales not the artist. Artist make their cash from doing shows. That’s one thing that can never be digitized, a live show.
The average person is more interested in keeping their money in their pockets and not Clive Davis’s.