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Album Sales Down, Digital Singles Up in 2006
LOS ANGELES – U.S. album sales, which include CDs and digital albums, fell 4.9 percent in 2006 as an increasing number of consumers preferred to download individual songs from the Web, Nielsen SoundScan said on Thursday. While data from the music tracking company showed overall music unit sales rose 19.4 percent last year due to digital downloads, the growth momentum of that category also disappointed some market watchers. “Not only did year-end 2006 digital sales fall short of our expectations, more concerning is the deceleration in growth during the fourth quarter,” Richard Greenfield, an analyst with Pali Research, wrote in… Read more »