Startling Stat: First Quarter Totally Platinum-Free

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Startling stats continue to roll in on the quickly-declining CD.

The latest, unearthed by Hits Magazine, is that the first quarter was completely devoid of a platinum release.  That is, no album specifically released during the first quarter has scored sales of one million, specifically in the United States.  Additionally, only 39 releases scored first week sales north of 25,000.

On a broader level, year-over-year album sales are sharply down again, in the mid-teens percentages.  Of course, CDs have always been the most obvious casualty of a massively disrupted market, though the engine is getting closer to empty.  Now, the question is whether the recent exits of Circuit City, Virgin Megastores, and Borders will have an even deeper impact on sales during future quarters.  In the recent quarter, top-ranked CDs were frequently sub-100,000, with the notable exception of U2’s No Line on the Horizon.