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A new report from AP confirms that which we already knew: Online music sales are soaring while offline sales are plummeting. Sales figures for the first half of the year have been released, showing that 229.8 million albums were sold, which is a decrease of 15 percent over the same period last year. Meanwhile, 417.3 million tracks were sold online in those six months, a huge increase of 49 percent from last year.
However, if you combine the offline and online figures, overall sales of music are still down nine percent, a factor most contribute to people being able to pick and choose which tracks they want from a given album. If you can just purchase the two or three songs you like for a few bucks rather than the whole album for $10, that's a considerable hit to the industry's bottom line. Perhaps that will result in a shift away from the music industry's focus on hit singles to a focus on hit albums.
We'd be happiest if it just focused on good music.
From The New York Times
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Comments
3
Subscribe to commentsHeatherJul 7th 2007 1:44AM
The decline of music sales has a lot to do with illegal downloading.
mattJul 7th 2007 1:28PM
Tim: At first I thought you used the wrong word, contribute, in 'a factor most contribute to people being able to pick and choose what tracks they want from a given album', because the meaning of the word just doesn't fit in that sentence. But then upon looking up the word in my Random House Webster's Dictionary, I found that 'contribute to' is an idiom meaning 'to be a factor in.'
David AshleyJul 7th 2007 10:24PM
From my perspective as both a web developer and a musician, it's all good. Whereas in years past, record companies would rely on a couple songs to carry record sales, often populating records with lesser quality filler songs. But now it's becoming increasingly more important to produce records packed full of our best work from start to finish – it drives us to be our best all the time. Who knows, we may be in the dawn of a new day where records will become a thing of the past, replaced with singles. And for us web developers, we're coming into an age of more and more dependence on our technologies to bring this music to the consumer. It’s all good to me.