Soundscan Reports U.S. Music Sales Rose in January
U.S. album sales rose 10.4 percent in the first month of 2004, Nielsen Soundscan reported, welcome news to the music industry after a three-year slump marked by costly litigation, rampant piracy and consolidation. The uptrend began late last year, a development hailed by Sanford Bernstein analyst Michael Nathanson in a recent report. But he said he was hesitant to say declines were over. Other analysts note that comparisons were easy with last year when U.S. album sales fell. But many saw signs the music business – led by big record labels at Time Warner, Bertelsmann AG, EMI Group Plc, Sony… Read more »
