Album sales increase for first time since 2004

For the first time since 2004, album sales have actually increased although revenue continues to fall.

Thanks to Spotify, discounts and major releases like Lady Gaga, the music industry is on pace to see its first sales growth in over half a decade.

On exec was very happy with the figures, Vivendi CEO Jean-Bernard Levy (Vivendi owns Universal Music Group):

There's a clear rebound in music sales this year. We don't want to claim victory. But the music industry may be at a turning point.

Overall sales, which include record albums, digital downloads, compact discs, some vinyl LPs and cassettes, are up 3 percent, to the tune of 255 million albums sold, says Bloomberg.

Levy says he believes across-the-board lower prices has helped the cause, with most new albums now launching at $9-$10 compared to $14-$20 in the early 2000s.

In 2000, boy bands lead the charge to a record 785 million units sold and declines have been steady since.

Written by: Andre Yoskowitz @ 14 Nov 2011 14:38

Mysttic

And this is great... Now RIAA and others will keep thinking their strategy to jail/sue the poor is working, thus continuing to strive harder to screw over consumers.

14.11.2011 15:18 #1

Hyasuma

duh...the cheaper they are the more ppl buy, but yet i'm still liking the "free" online

Being nice always has its own consequences

14.11.2011 16:38 #2

deak91

well yes its been said the whole time they did everything to justify the 14-25 dollar for the record even went as far as making an artist make 1 real kick ass song and 11 real crap songs and not put out a single for it all for 22.99 that drove people to download it for free or just hear it on the radio the public said the prices were too high and if they were lower they would not dl it for free so 6-10 years later they put their rd people on the case and poof lower prices brung more sales ... money well spent now i bet they think records are comming back so the prices are going to rise again

14.11.2011 19:18 #3

blueboy09

Originally posted by Mysttic: And this is great... Now RIAA and others will keep thinking their strategy to jail/sue the poor is working, thus continuing to strive harder to screw over consumers. Yea, looks that way doesn't it? RIAA bastards don't even deserve a +6 on this one!!

Chance prepares the favored mind. Look up once in a while and you might learn something. - BLUEBOY

14.11.2011 20:18 #4

KillerBug

Originally posted by blueboy09: Originally posted by Mysttic: And this is great... Now RIAA and others will keep thinking their strategy to jail/sue the poor is working, thus continuing to strive harder to screw over consumers. Yea, looks that way doesn't it? RIAA bastards don't even deserve a +6 on this one!! Nothing will ever stop them...if they had lower sales, they would just blame piracy more and use their inability to stop it as justification to pass new laws and to get more funding.

I still think they are charging too much for digital downloads; I can get an album on vinyl for $12...it has to cost at least $8 to make, why does it cost $10 to get a copy of that $4 content?

14.11.2011 23:50 #5

LordRuss

Ahh, the entertainment industry...

http://onlyinrussellsworld.blogspot.com

16.11.2011 09:56 #6

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