Home Tours Videos Interviews Reviews Photography Featured Artist Contact THEME

Album Sales At An All Time Low

image
Billboard has released a report stating that record sales are at the lowest they’ve been since Nielsen SoundScan began tracking sales in 1991. You can find the full report HERE and can view a snippet of it below.

This decline is actually in line with historical trends. In 2013, average weekly album sales experienced a similar fate, falling from 5.7 million units in the first quarter to 5.23 million units in the second quarter and then 4.86 million units in the third quarter. This year, overall U.S. album sales are down 14.6 percent, while digital album sales are down 11.7 percent and track sales are down 12.8 percent.

As more and more consumers transition from purchasing music to streaming tunes, it’s natural to see album sales shrink. This year, there have only been five weeks where album sales were above 5 million.

Larger retailers and CDs, vestiges of an older record business, have been hit the hardest. Through August 24th, CD sales are down 19.2 percent year-over-year while sales at mass merchants and chains have fallen 23 percent and 25.6 percent, respectively.