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.
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Filed Under: album sales, recording industry


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  1. icon
    Skeptical Cynic (profile), 5 Jan 2009 @ 12:07pm

    When will they get a clue?

    Most people do not buy CD's. I am one of those people that back in the day of the first cds I bought a ton. I had over 1400 cd's in my collection. I have since moved to digital only. Why because I know that no matter what happens I have a copy of the music. No melting in the heat of the car or getting scratched where it will not play. I can buy it once and play it where ever. And forever. Or close to it. Why, because I have a 1 and 0 exact copy. So if this CD wears out I just burn a new one. iTunes has over $1000 dollars of my money for that reason. Infinite goods for a small fee.

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