Music Sales Statistics: Overall US Album Sales Up One Percent

July 11, 2011 5:17 am

We spotted this today:

“Last Wednesday, research firm Nielsen SoundScan announced that the industry recorded a 1 percent increase in overall U.S. album sales for the first six months of the year, snapping a dismal seven-year run of sales declines. Digital music helped power the gains as sales of digital tracks rose 11 percent, a rebound from the 1 percent growth for all of 2010. Digital albums grew at a healthy 19 percent.

Nobody is dancing in the streets, but the numbers have stirred hope among some connected to the business that a decade-long revenue slide–which they trace to Napster and the onset of illegal file sharing–may be over. “I think the rise in album sales certainly gives one cause for cautious optimism,” said John Marmaduke, CEO of Hastings Entertainment, a chain store that sells books, DVDs, and CDs.”

Read more: http://news.cnet.com/8301-31001_3-20077981-261/whats-driving-rise-in-music-sales/#ixzz1RlrbykwV

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