Billboard.com is reporting that last week’s overall album sales were lower than ever before.
I blamed DragonForce.
Only 3.97 million records were sold in the U.S. last week, and that’s the lowest since 1991, when Nielsen SoundScan started keeping track of them.
The Billboard article claims the continued decline of album sales follows a market shift towards streaming rather than purchasing.
An anonymous label sales head said:
“Sales have been going in the wrong direction all year. I guess its overdue, when you look at [the growth of streaming].”
“What can I say about this week’s sales. I remember when album sales fell under 10 million units and the industry reacted like it was a tragedy.”
Things are on the decline, folks. Music is no longer a commodity. I quit.
If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.