Feb 9, 2010
  • Research and Analysis on Digital Marketing and Media
  • Objective Analysis of Internet Market Trends
  • Data from Over 4,000 Worldwide Sources


Print  |  E-Mail  |  RSS  |  More Articles   

Music Album Sales Shrinking

MARCH 29, 2007

FBLI
Share

According to new figures from Nielsen SoundScan, so far in 2007 digital singles are outselling digital albums at a rate of 19 to 1.

The rise follows last year's increases, when digital singles outsold plastic CDs for the first time.

All in all, consumers have made 26 million more music purchase decisions this year than last year. That breaks down to 288 million individual digital tracks (compared with 242 million at this time last year) and 99 million albums (compared with 119 million at this time last year).

Digital song sales have risen 54%, while album sales — both in physical and digital form — have dropped more than 16%.

Excluding smaller formats, such as the 54 million ringtones sold so far this year, single songs now make up approximately two-thirds of the music sales volume in the US.

"I think the album is going to die," said Aram Sinnreich of Radar Research in a New York Times interview.

As a result of the shift in buying patterns, far from getting multimillion-dollar recording contracts, many new artists are being offered much smaller contracts for singles — or sometimes ringtones — only.  

Get more articles like this one delivered every day.
Click here for the eMarketer Daily newsletter.

Access More Articles Read More Articles     Email Article E-Mail This Article     Print Article Print
Subscribe to RSS Feed RSS Feed     Share
Add eMarketer to your Google Toolbar Add eMarketer to Google Toolbar

Advertisement

Advertisement

Follow eMarketer on Twitter