Online Music Sales Grow Amid Offline Sales Decline

jmke · 5th January 2006, 16:29

U.S. music album sales last year slid to their lowest level since 1996, squelching any hopes that the recording industry’s long downward spiral may have bottomed out, according to sales data issued on Wednesday, Reuters news agency reports.

Tracking firm Nielsen SoundScan, which measures point-of-sale purchases across the United States, said total album sales – including current and catalog titles – fell 7.2% from 2004 to 618.9 million units, the lowest since 1996, when they were 616.6 million. The industry counts CDs, cassettes, vinyl records and digital releases as “albums”.

The lackluster demand for records was conditioned by both legal and illegal downloads, rival forms of entertainment such as video games, a lack of breakout musical acts.

Nielsen SoundScan said overall music sales, which includes albums, singles, music videos and digital tracks, jumped 22.7% to just over a billion units in 2005. The rise was fueled by a 194% increase in digital downloads.

http://www.xbitlabs.com/web/display/20060105073645.html

5th January 2006, 18:00

maybe they should also see that the average number of songs on album is falling a lot and usually

the songs that are good are usally released as singles and the rest is often crap

5th January 2006, 16:29	#1
jmke Madshrimp Join Date: May 2002 Location: 7090/Belgium Posts: 79,021	Online Music Sales Grow Amid Offline Sales Decline U.S. music album sales last year slid to their lowest level since 1996, squelching any hopes that the recording industry’s long downward spiral may have bottomed out, according to sales data issued on Wednesday, Reuters news agency reports. Tracking firm Nielsen SoundScan, which measures point-of-sale purchases across the United States, said total album sales – including current and catalog titles – fell 7.2% from 2004 to 618.9 million units, the lowest since 1996, when they were 616.6 million. The industry counts CDs, cassettes, vinyl records and digital releases as “albums”. The lackluster demand for records was conditioned by both legal and illegal downloads, rival forms of entertainment such as video games, a lack of breakout musical acts. Nielsen SoundScan said overall music sales, which includes albums, singles, music videos and digital tracks, jumped 22.7% to just over a billion units in 2005. The rise was fueled by a 194% increase in digital downloads. http://www.xbitlabs.com/web/display/20060105073645.html __________________

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Global DRAM sales to grow	jmke	WebNews	0	22nd February 2010 14:03
Atlantic: Digital music sales overtake CDs	Shogun	WebNews	0	28th November 2008 23:52
Sony Hopes Memory Erasing Technology Will Boost Online Movie Sales	jmke	WebNews	0	8th February 2007 13:04
Next-gen storage, online and offline	jmke	WebNews	0	27th November 2005 17:20
VIA’s Chipset Sales Face Upturn, SiS’ Suffers Revenue Decline	jmke	WebNews	0	6th October 2004 09:58
iTunes Music Store Catalog Tops One Million Songs	Sidney	WebNews	0	11th August 2004 04:28
German Music Industry Wins First Court Case Against Music Pirates	Sidney	WebNews	0	9th June 2004 00:55
Hush AVX Music Server based on the VIA EPIA M10000	jmke	WebNews	0	17th March 2004 09:27

5th January 2006, 18:00	#2
Rutar Posts: n/a	maybe they should also see that the average number of songs on album is falling a lot and usually the songs that are good are usally released as singles and the rest is often crap