| brett |
11-16-2016 08:23 PM |
Another stat from billboard, july 2016:
"The sky is falling. The industry's worst fears have come true: nobody is buying records. U.S. albums sales have reached the lowest point since*Nielsen SoundScan*began tracking movement in 1991,*Billboard*reports. Death is surely near.
Half-way through 2016, album sales are down 16.9% from last year. This figure includes track equivalent albums (or TEA, where 10 individual digital track sales equal one album sale). Album sales so far total 100.3 million units, about half of which is made up of CD sales. Digital sales account for*43.8 million (down from*53.7 million this time last year), while the vinyl boom pushes $6.2 million units, growing 11.4% from the first half*of*2015.
Old music is outselling new music for the first time in history
As we've noted,*old music is outselling new music. New releases have sold 20.2% worse than 2015, comprising 44.1 million units of the total, while catalog albums represented*56.2 million sales.*Drake,*Adele, and*Beyoncé*are the only artists to crack a million units in sales."
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