Floor drops out of music industry
Posted at 8:58pm on Friday, March 23rd, 2007- US CD sales for the first three months of this year plunged 20% from a year earlier,
- The sharp slide in sales of CDs has far eclipsed the growth in sales of digital downloads,
- About 800 US music stores closed in 2006 alone,
- This year has already seen the two lowest-selling US No. 1 albums since current sales recording processes were set up in 1991,
- oh, and Apple have sold over 100million iPods
I wouldn’t want to be a music exec in 2007. It ain’t gonna be pretty.
