Idolator
"Year-to-date, album sales are off around 14 percent, with over 400 million albums sold, according to Nielsen SoundScan. Factoring in sales of individual song downloads, sales are still off around 9 percent. To keep pace with 2006's full-year total of 588.2 million albums sold, the industry needs to sell over 150 million albums in less than six weeks. " [NYP]
Comments
note to record labels: this is *NOT* a signal for you to rush out and sign the next Hannah Montana and Soulja Boy Tell Em's.
It's a Tower-size hole, and then some.
If Virgin disappears after this holiday season, there'll be another double-digit drop for '08. Hell, there might be one anyway, given the big boxes' plans to shave their CD sections even further than they already have.
Comment on this post
Reply by EmailLogin with your username and password below. Or comment on this post via email.
Forgot your username or password? New User?