Jim Carroll

Music, Life and everything else

Downloads go up, CDs go down

Further evidence that the record industry is in need of a radical pick-me-up came when the Recording Industry Association of America released its stats for 2007. The good news: digital formats now account for nearly a quarter of all US …

Fri, May 2, 2008, 08:09

   

Further evidence that the record industry is in need of a radical pick-me-up came when the Recording Industry Association of America released its stats for 2007.

The good news: digital formats now account for nearly a quarter of all US music sales, with a headline figure of 809.9 million paid-for song downloads, a whopping 38 per cent increase on 2006.

The bad news: CD sales continue to slip and slide, down 17.5 per cent on 2006′s figures.

The really bad news: while sales volumes may be up, revenue is down 11.8 per cent on the previous year. That means less money in the pot, less money to invest in new bands and less money to pay the wages.

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