After Six Down Years, U.S. Music Sales Rise
May 12, 2011 at 3:59 AM (PT)
There's some good news for the music business -- after six straight down years, sales are actually rising. THE NEW YORK POST reports, "U.S. sales grew 1.6% through MAY 8th compared to the year earlier period, as the 16.8% advance in digital album sales and 9.6% gain in digital single-track sales more than offset the 8.3% decline in physical CD sales."
Last year, CD sales had fallen to 443.3 million, down from a high in 2004 of 635.8 million.
What are the big sellers? YESTERDAY (NET NEWS 5/11), STREETPULSE reported ADELE "21" (SBME/Columbia) remained in the #1 position based on sales. Many industry insiders credit that album for the recent uptick in sales.
THE POST report also credits the arrival of THE BEATLES to iTUNES as having caused a boost of interest in music.