CD sales plummet, digital music on the rise

Posted on Sunday, Mar 25 2007 @ 15:24 CEST by Thomas De Maesschalck
Sales of CDs in the U.S. dropped 20 percent in the first three months of the year:
Eighty-nine million CDs were sold from the start of the year through March 18 as compared with 112 million CDs sold during the same period in 2006, according to figures released Wednesday by industry tracker Nielsen SoundScan.

Purchases of digitized albums online failed to make up the difference -- instead they dropped from 119 million during that time period in 2006 to 99 million during the first three months of this year, SoundScan reported.

Meanwhile, sales of individual songs in digital format on the Internet rose from 242 million tracks during those months last year to 288 million this year, according to SoundScan.

Consumers are sending a message to artists that "while you may have put a lot of thought into the sequence of the album, I only like these three songs," said digital music industry analyst Michael McGuire of Gartner Research.


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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