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Music Sales Slide Despite Napster Demise
U.S. album sales have declined in the first half of the year, despite the demise of song-swap service Napster, which the recording industry claimed would depress sales and hurt their bottom lines. According to New York-based SoundScan, which tracks music retail trends, sales of current albums – recordings released less than 18 months ago – have fallen about 8 percent year-to-date, while sales of all albums fell about 2.8 percent. Many music company officials shrug off the decline, blaming it on a lack of mega-hits and a slowdown in the economy. Many also predict the trend will improve in the… Read more »