Music CD Sales Down, Download Sales Up

If its Tuesday, we are looking at Tunes. Here’s some interesting Music and Film data.  According to the highly recommended THE online REPORTER:

"Sales of music CDs in the States are down almost 7% from last year to the end of the first half of this year, declining from 303 million a year ago to 282.6 million this year, according to Nielsen SoundScan.

However, paid downloads sales are up by 104 million units, 54.7% to 158.7 million. Lets see, the math is that 20 million fewer CDs were sold at, say, an average of $16. That’s a $320 million decline. That’s offset by 104 million more downloads sold at, say, a dollar each, which is $104 million. Hmm. Looks like the US music sales declined about $220 million at retail."

So far this year, only seven CDs released in 2005 have become million sellers.

Market Share Leaders for the First Half

Universal Music Group…………..35.7%
Sony BMG……………………….28.3%
Warner Music Group…………….14.7%
EMI………………………………9.2%

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