Friday, January 02, 2009

Music Sales Fell in 2008, but Climbed on the Web

Sales of recorded music fell sharply in 2008, as consumers continued to migrate away from the CD format, large retailers reduced floor space for music and the recession dampened consumer spending during the critical year-end holiday shopping period.

Total album sales in the United States, including CDs and full-album downloads, were 428 million, a 14 percent drop from 2007, according to data from Nielsen SoundScan. Since the industry’s peak in 2000, album sales have declined 45 percent, although digital music purchases continue to grow at a rapid rate.

Read the complete article By BEN SISARIO at The New York Times

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