Music CD Sales Down, Download Sales Up

Tuesday, July 12, 2005 | 10:30 AM

If its Tuesday, we are looking at Tunes. Here's some interesting Music and Film data.  According to the highly recommended THE online REPORTER:

"Sales of music CDs in the States are down almost 7% from last year to the end of the first half of this year, declining from 303 million a year ago to 282.6 million this year, according to Nielsen SoundScan.

However, paid downloads sales are up by 104 million units, 54.7% to 158.7 million. Lets see, the math is that 20 million fewer CDs were sold at, say, an average of $16. That's a $320 million decline. That's offset by 104 million more downloads sold at, say, a dollar each, which is $104 million. Hmm. Looks like the US music sales declined about $220 million at retail."

So far this year, only seven CDs released in 2005 have become million sellers.

Market Share Leaders for the First Half

Universal Music Group..............35.7%
Sony BMG............................28.3%
Warner Music Group................14.7%

Tuesday, July 12, 2005 | 10:30 AM | Permalink | Comments (2) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



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Is there an over/under on how many days before MPAA blames P2P networks for fall in dvd sales?

Posted by: rajesh | Jul 12, 2005 11:46:21 AM

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