CD Sales Continue To Drop; Digital Up
April 18, 2007 at 5:45 AM (PT)
The continuing sales drop of music compact discs accelerated to nearly 13% in 2006, while fast-growing digital download sales failed to make up for the sales shortfall, according to figures published by the RIAA on TUESDAY (4/17).
Though sales of music in digital formats such as downloads and mobile ringtones more than doubled in some cases during the year, digital sales did not grow fast enough to cover the revenue gap caused by the downturn in CD sales. Consequently, overall music sales were down by 6.2% to $11.51 billion.
According to the RIAA, sales of digital songs were up by 60%, while sales of digital albums more than doubled. Overall digital sales rose by 74.4% to $878 million.
Sales of digital music for use on mobile phones was up by 83.7% to $774.5 million.