Album Sales Down Again; Digital And Vinyl Up
July 3, 2008 at 5:42 AM (PT)
Physical album sales went down 16% in the year beginning in JULY 2007, but digital music continued to enjoy an upturn, reports THE BBC. Downloads have increased by 34% in the same period and represent 15.5% of all music sales, according to NIELSEN SOUNDSCAN.
LEONA LEWIS's #1 hit, "Bleeding Love," is the biggest-selling single of the year so far.
The slide in physical sales is attributed to the closure of music stores, and a reduction in shelf space in other outlets. However, sales of vinyl albums have dramatically increased from 454,000 in 2007 to 803,000 so far this year.
The three biggest artist albums to date are by LIL WAYNE, JACK JOHNSON and MARIAH CAREY, all exceeding one million sales. LEWIS' debut album "Spirit "has shifted 830,000 units to date, while MADONNA's "Hard Candy" has sold 570,000 copies.
While album sales are suffering in the first half of 2008, they took a bigger knock last year, falling by 70 million units compared with 2006.