New Survey Spells More Bad News For Record Labels

Broken Records

According to a new Nielsen survey, new album sales have gone down considerably.

Out of 105,575 new releases in 2008, only 950 albums or less than 1% percent, have sold more than 25,000 copies. Of those 950, they accounted for 82% of all new releases sold.

But what was also reported by Nielsen was the amount of albums sold by digital outlets. Those numbers show the changing habits of consumers and the inability of the recording industry to change with the times.

27% percent of all album sales were by non-traditional methods, such as iTunes & Amazon.com. Mass media, such as Wal-Mart and Target accounted for 33% percent of sales, with traditional record stores accounting for 32% percent.

By 2010, non-traditional digital outlets will be the main purchasing agent for getting new music. Estimates put the number at nearly 50% percent.

This story was originally reported in Hypebot.com

Advertisements

About smoothjazzandmore

I'm a TV producer and an Internet radio broadcaster. I also write for my blogs (An Op-Ed Blog and a Football Blog) here at WordPress.
This entry was posted in Christmas Music, Music Industry, Records. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s