Does selling records have anything to do with the music business anymore? What do you think? 115,000 new albums were released in the U.S. in 2008. Of those, only 110 sold more than 250,000 copies. Only 1,500 titles cracked the 10,000 mark. Read more from CNN here.
Lefsetz on the Album Format
May 5, 2009 By 9 Comments
This guy is always so over the top, but he delivers the message. “What happens when the labels stop paying an advance? You know that’s gonna happen. With such limited revenue from recorded music, no one’s going to pay you a fortune to make it. There’s no incentive. Live Nation might pay you a fortune […]
Music Stats for 2008 from Soundscan
January 18, 2009 By 4 Comments
The Nielsen Company Soundscan report for 2008 shows some interesting statistics. Legitimate digital sales continue to climb with some truly astonishing numbers. • Music purchases (transactions) in 2008 reached 1.5 Billion, marking the fourth consecutive year music sales have exceeded 1 billion; 1.4 billion (2007) vs. 1.2 billion (2006) vs. 1 billion (2005). • Overall […]
