U.S. Music Market Continues to Shrink
The US music market was unable to halt its decline last year. The increase in Internet downloads slowed compared to previous years and was therefore once again unable to compensate for the massive slump in CD sales.
The US music market was unable to halt its decline last year. The increase in Internet downloads slowed compared to previous years. It was therefore once again unable to compensate for the massive slump in CD sales, as the market researchers at Nielsen Soundscan reported according to the US media. Overall, album sales fell by 14 percent to 428 million CDs and digital downloads last year, according to the data.
For the first time since market analyses began 17 years ago, the best-selling album of the year - in 2008 it was Tha Carter III by rapper Lil Wayne - sold fewer than three million copies. Wayne's album sold 2.9 million copies. The British band Coldplay and country singer Taylor Swift took the other two places on the podium.
For the first time since market analyses began 17 years ago, the best-selling album of the year - in 2008 it was Tha Carter III by rapper Lil Wayne - sold fewer than three million copies. Wayne's album sold 2.9 million copies. The British band Coldplay and country singer Taylor Swift took the other two places on the podium.
