Shipments drop, downloads rise for music industry

Shipments of CDs and other physical music formats to U.S. retailers were down in the first half of 2006, but the decline was partially offset by downloads, the recording industry's trade group said Thursday.

Record companies shipped a total of 277.6 million units to retailers, record clubs and other outlets. The figure represents a 15.7 percent decline from the first half of last year, according to the Recording Industry Association of America.

The estimated retail value of the shipments in the first six months of this year was $4.1 billion, a 15 percent drop from the same period last year, the RIAA said.

About 435 million albums, including downloads, were sold in the United States in the first nine months of 2006, down from about 439 million in the same period in 2005, according to Nielsen SoundScan. U.S. sales of downloaded singles rose 71.3 percent to 286.3 million in the first half of the year, while the number of albums purchased for download more than doubled to 12.3 million, according to the RIAA figures.

AP

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