Over the past couple of years, Cd sales have massively dropped while digital downloads has increased. The number of Internet user paying for digital music increased by just over 8 million in 2008 to 36 million Internet users, and purchases of online digital music downloads increased by 29 percent since last year, accounting for 33 percent of all music tracks purchased in the U.S.
All of this comes at the expense of almost 17 million fewer CD buyers in 2008 compared to the prior year. The decline in CD buyers cuts across all demographic groups, but was partically focused on teens and consumers age 50 and older. The best selling album of 2010 was Eminems's Recovery. Recovery topped the Billboard album chart for seven weeks last summer. However it was able to sell it's self out of stores despite making its nest in a sales climate devestated by free downloaning, a bad econmoy and a consumer base indifferent to the struggles of the industy. But at 3,415,000 copies sold on CD or digital download, Recovery sold more in a single year than any other album since 2007.
Katy Perry's inescapable "California Gurls" featuring Snoop Dogg was the most downloaded song
of the year. A few other shocking statistics about the music industry market is: The total number of albums sold in 2010, 326.2 million, was the lowest since SoundScan began compiling the data in 1993. Total album sales dropped off nearly 13% when measured against sales in 2009. It's the same rate of decrease sales saw last year over 2008. Digital track sales grew just by 1% and nearly ever genre faltered; Classical, jazz and Latin all saw 25% declines in sales, however the only holdout was rap which saw sales grow by 3%.
This reveals that throughout time, the music industry has really took a beating by being able to download music digitally and not just going into a store and downloading it anymore. However, digital sales hasn't really seen a fast improvment, even with the sales of CD's declining. This could show that all aspects of the music industry has took and hit due to time and change of the ecomny.
All of this comes at the expense of almost 17 million fewer CD buyers in 2008 compared to the prior year. The decline in CD buyers cuts across all demographic groups, but was partically focused on teens and consumers age 50 and older. The best selling album of 2010 was Eminems's Recovery. Recovery topped the Billboard album chart for seven weeks last summer. However it was able to sell it's self out of stores despite making its nest in a sales climate devestated by free downloaning, a bad econmoy and a consumer base indifferent to the struggles of the industy. But at 3,415,000 copies sold on CD or digital download, Recovery sold more in a single year than any other album since 2007.Katy Perry's inescapable "California Gurls" featuring Snoop Dogg was the most downloaded song
of the year. A few other shocking statistics about the music industry market is: The total number of albums sold in 2010, 326.2 million, was the lowest since SoundScan began compiling the data in 1993. Total album sales dropped off nearly 13% when measured against sales in 2009. It's the same rate of decrease sales saw last year over 2008. Digital track sales grew just by 1% and nearly ever genre faltered; Classical, jazz and Latin all saw 25% declines in sales, however the only holdout was rap which saw sales grow by 3%.This reveals that throughout time, the music industry has really took a beating by being able to download music digitally and not just going into a store and downloading it anymore. However, digital sales hasn't really seen a fast improvment, even with the sales of CD's declining. This could show that all aspects of the music industry has took and hit due to time and change of the ecomny.
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