Album Sales Fall, Of Course
from the who-didn't-expect-that dept
This will come as no surprise to anyone, of course, but the only significant area of the music business that is struggling is, once again, CD sales. Bloomberg has noted that album sales in the US declined 14% in 2008. Of course, digital sales continued to grow, and, as recently noted, the concert business is booming. Oddly enough, sales of vinyl records continue to rise — a trend we noted last summer. To be honest, the fact that album sales only dropped by 14% seems rather surprising. If I were in the business of selling mostly obsolete plastic discs, I’d be thrilled they only dropped that much.