Album Sales Are Down 14.4 Percent in 2014…

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Billboard has reported the latest SoundScan numbers from the US. As expected, they’re generally not pretty.

Digital track sales have fallen 12.9 percent in 2014, down to 848.5 million sales so far.

This is down from 974.6 million tracksales in the first nine months of 2013.

Digital album sales are down 11.5 percent to 77.6 million, down from 87.8 million last year.

2013 was the first year that digital sales had ever declined, signaling that the reign of iTunes might be ending. Billboard thinks the accelerating decline is starting to mirror the drastic decline in CD sales.

Speaking of CD sales, they’re still going down. CD sales are down 18.9 percent to 91.7 million units. This is down from 113.1 million units in the same period last year.

As we’ve already reported, vinyl sales are up 47.5 percent.

Overall, album sales are down 14.4 percent.

 

Nina Ulloa covers breaking news, tech, and more. Follow her on Twitter: @nine_u

Image by danielhedrick, licensed under Creative Commons Attribution 2.0 Generic (CC by 2.0).

10 Responses

  1. Bass

    I’m sure this has nothing to do with the generally crappy nature of most “popular” music these days.

    Reply
  2. RemiSwierczek

    It’s time for Discovery Moment Monetization.

    Radio and streaming converted to 100 billion dollar music store with Shazam, Google and other music and lyric ID services working as CASHIERS.
    Let’ pay them “$1000” an hour it will still be a bargain in new profitable era of music business!

    Reply
    • Jeff Robinson

      “It’s time for Discovery Moment Monetization.”

      This is laudable, but sounds a bit like peep-show.

      15 cents a track to listen once would be a coup for the industry. 99 cents to download and ‘own’.

      Reply
    • Yo

      Would you stop posting about this Discovery Moment Monetization thing. We get it. If it’s truly time for something, it will find its way into the market. Shouting it day after day in a comment section does nothing.

      Reply
      • Remi Swierczek

        Yo, it’s the only way out from current dead end tunnel.
        I don’t think you are getting it!
        Dark ages lasted 1500 years. Discovery Moment Monetization can finish digital dark era in 15!

        Reply
        • Yo

          Your whole idea is just wishful thinking with no proof or evidence this would work. You’re trying to manipulate the buying habits of the music consumer when the market clearly says music consumers are buying less music.

          Reply

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