First published on http://www.itproportal.com
“As streaming gathers momentum, the U.S. music industry keeps breaking sales milestones – the wrong kind. This week’s 3.97-million album sales tally is the smallest weekly sum for album sales since Nielsen SoundScan began tracking data in 1991. It’s also the first time weekly sales have fallen below four million in that time span,” says Billboard.
Billboard further explains: “Larger retailers and CDs, vestiges of an older record business, have been hit the hardest. Through 24 August, CD sales are down 19.2 per cent year-over-year while sales at mass merchants and chains have fallen 23 per cent and 25.6 per cent, respectively.”