Monday, October 5, 2009

The Fabs can't save all

Album sales are suffering once again, via Rolling Stone. Hardly surprising.

Album sales are down 11.1 percent in the third quarter of 2009 compared to the same period last year, Reuters reports based on figures provided by Nielsen SoundScan. That decline comes even with the influx of sales after Michael Jackson’s death and the release of the Beatles remasters, as both artists’ respective catalogs have combined for about 6.3 million in sales this quarter. Even with the unexpected push from the catalog albums, total sales are still down 13.9 percent from 2008, a year which itself saw its sales drop 14 percent compared to 2007. If the trend continues, this will mark the eighth time in nine years that the record industry has seen a decline.

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