iEntry 10th Anniversary RSS Newsletter Advertising
Join the WebProWorld Forum!
Text: Decrease Font Size Increase Font Size | Print Print Article | Share: Delicious Digg StumbleUpon Post to Twitter Post to Facebook
CommentFriday, January 4, 2008

Digital Music Sales Up 45%

50 Million Digital Albums Sold in 2007

Total overall music purchases were up in 2007, while album sales continued their decline according to Nielsen SoundScan's year-end sales figures.

Nielsen SoundScan

Music sales, which combine albums, singles, music videos and digital tracks, increased to 1,369,000 from 1,198,000 with a 14 percent increase.  Overall album sales dropped 9.5 percent. The purchasing of physical CDs online grew by 2.4 percent and 20 percent of total album sales for the year took place in the last six weeks of the year.

Digital music sales numbers continue to increase, as 844.2 million digital tracks were sold in 2007, a 45 percent increase from 2006. Fifty million digital albums were purchased in 2007, a 53 percent increase over the previous year. Digital music accounted for 23 percent of all music purchases in 2007.

Universal Music Group had the largest share of the market with 31.9 percent, a small increase over 2006. Sony BMG had the second largest share with 24.97 percent a decrease from 27.44 percent the year before. Warner Music Group had a small growth in its market share, from 18.14 percent up to 20.2 percent. EMI was the fourth largest major label with a 9.37 percent share.
 

About the author:
Mike is a staff writer for WebProNews.

Publish A Comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
1 + 0 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.
SEARCH












Subscribe to WebProNews


Send me relevant info