U.S. Album Sales Slightly Positive for 2004

Friday, December 31, 2004 | 02:47 PM
in Music

Nielsen SoundScan reported that, as of last Sunday, unit sales reached 665.5 million for 2004. That represents a modest 1.4% increase over the same period 2003. The industry has one more week of sales left before getting a final tally for the year, the WSJ reported.

This increase reflects, more than  anything the industry has done, a generally improving economy, along with a few breakout CDs. Much of the industry, however, remains mird in a creative drought of sorts.

Further, the music industry is  not competing well with other digital entertainment media. A survey by the Stanford Institute for the Quantitative Study of Society (reported yesterday in the NYT) noted how the internet was cutting Into TV viewing.

 

Wsj_music_12312004_192738_2

While any sales increase is welcome, the final number will ultimately be a dissapointment after the fast start to the year. The first half of 2004 saw album sales up 8% gains from the prior year. 

The WSJ noted that "Music companies have tried to capitalize on the DVD boom, although for the moment, they can't keep pace with movie and television-program sales. Not one of the top 40-selling DVD titles, according to Nielsen VideoScan, is a music title."

Once again, we see a floundering industry unable to make positive moves in the right direction. Oh well, at least the bleeding has stopped. 

.
Source:

Sales of U.S. Music Albums Spin Slightly Faster
Ethan Smith
The Wall Street Journal, December 31, 2004; Page A8
http://online.wsj.com/article/0,,SB110445255559113530,00.html

Internet Use Said to Cut Into TV Viewing and Socializing
John Markoff
NYT December 30, 2004
http://www.nytimes.com/2004/12/30/technology/30internet.html

Friday, December 31, 2004 | 02:47 PM | Permalink | Comments (1) | TrackBack (2)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c52a953ef00d8345b467d69e2

Listed below are links to weblogs that reference U.S. Album Sales Slightly Positive for 2004:

» So, what does this chart mean, eh? from Stone Cold Pimpin'
Okay, so you see this chart of album sales? So where's all the money that mp3s and fille sharing have taken from the record industry? Surely, 1996, before the explosion of the Internet and file sharing, should be higher than... [Read More]

Tracked on Dec 29, 2005 7:52:12 PM

» So, what does this chart mean, eh? from Stone Cold Pimpin'
Okay, so you see this chart of album sales? So where's all the money that mp3s and fille sharing have taken from the record industry? Surely, 1996, before the explosion of the Internet and file sharing, should be higher... [Read More]

Tracked on Dec 29, 2005 7:53:33 PM

Comments

While I'm not sure he has a clear idea of what he's talking about in terms of the specific nature of the medium this provides a "big picture" glimpse of possible developments:

http://www.openp2p.com/pub/a/p2p/2002/03/08/media.html

Posted by: David Bennett | Dec 31, 2004 10:42:23 PM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner