Headlines

July 03, 2008

Music sales down 11% in '08...

Variety | Read Full Story >

Album sales are down 11% from the midpoint of 2007, while digital sales continue to grow at a steady pace.
Physical and digital album sales reached 204.6 million units in the 26 sales weeks between Dec. 31 and June 29, according to Nielsen SoundScan.

CD sales have been a prime culprit in the sales dip, as they are off more than 16% from 2007 levels, which were significantly down from the year prior. Sales of CDs have been hit hard by the closure of musicstores such as Virgin and the reduction of shelf space at big-box stores such as Best Buy and Target.

Digital sales, however, continue to grow dramatically. Digital album sales are up 34% to 31.6 million units, which represent 15.5% of all album sales.

Digital tracks spiked 30% as 524.7 million have been sold to date, a 125.4 million unit increase from 2007.


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