Music Industry: CDs, Album Sales Fall Further

Digital, vinyl sales are bright spots; bad news for the classical, country, and Latin genres.

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The Big Picture posted some telling figures on the music industry today, including the fall in overall album sales and the rising popularity of the digital format (data via Pollstar):

  • Total album sales fell to 428.4 million units, a drop of 8.5%  (2007 = 500.5 million).
    • Physical album sales fell 20% to 362.6 million (from 450.5 million)
      • Digital album sales rose 32% percent to 65.8 million units;
        • Digital track sales were up 27%, breaking the 1 billion mark for the first time at 1.07 billion.
          • Total transactions rose 10.5% to 1.5 billion;
            • All Genres saw losses: Classical music dropped 26%; Country fell 24%; Latin was off 21.1%;
              • Vinyl album sales also grew with 1.88 million vinyl albums purchased for the year.