Floor drops out of music industry

From the WSJ:

  • 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.