Album Sales Down for Second Straight Year
In more bad news for the music industry, album sales declined for the second straight year in 2002, down 10.7 percent from the previous year. Nielsen SoundScan reported this week that 2002 album sales fell from 763 million in 2001 to 681 million. Overall music sales in 2001 had been down 5 percent – the first decline since SoundScan began tracking music sales in 1991. Hilary Rosen, chairman and CEO of the Recording Industry Association of America, blamed the decline mainly on illegal downloading of music off the Internet. “There’s no question that the availability of free music on the… Read more »
