Album sales continue to fall in '08

The gap between digital sales and album sales continues to widen according to this report from Variety. CD sales have dropped by 16% in comparison to 2007’s figures, while digital album sales have improved by 34%. The online market is still small, only accounting for 15.5% of all album sales, but there can be little doubt that this figure will continue to grow.

The article also points out that this has been a good year for Universal, who have released the top three best-selling albums of the year with Lil Wayne’s Tha Carter III, perennial festival favorite Jack Johnson’s Sleep Through the Static (who buys his records? Seriously, have you ever met anyone who owns a Jack Johnson album?), and Mariah Carey’s Einstein tribute E=MC2.

The good news for buyers of the physical format is that vinyl sales continue to rise. As regular Prefix readers will be aware, sales of vinyl have almost doubled this year, rising from 454,000 in ‘07 to 803,000 in ’08.
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6 Responses

July 3, 2008 at 2:57 p.m.

Coldplay and Lil Wayne are doing fine, other artists not so much

July 3, 2008 at 3:24 p.m.

Maybe they should think about releasing something worth buying. Quit sinking all your money in trying to manufacture fad products like Katy Perry and back some actual artists who might have something like a career.
Long live vinyl!

July 4, 2008 at 1:27 a.m.

I own all of Jack Johnson's CD's. He's absolutely the best singer/songwriter since Lennon/McCartney and Paul Simon. Don't be so critical. Take a fresh look at his work. He's fabulous, especially in concert. I saw him play last year in Hawaii with Eddie Vedder of Pearl Jam. Fantastic show!

July 4, 2008 at 2:39 a.m.

"with Eddie Vedder of Pearl Jam"...

Thanks for clarifying, not like this is a music blog or anything...

July 4, 2008 at 3:03 a.m.

its a shame so many good artists dont get the sales they deserve but Lil Wayne who is definitely a sick rapper sells alot because he appeals with his eccentric lyrics and personality but Ghostface Killah cant even break 50,000 his first week.

wow jack johnson over a million thats saying alot

July 4, 2008 at 3:05 p.m.

Jack Johnson is lame. His brand of prozac lethargy can't hold a candle to Elliott Smith or Nick Drake. That's why his prime demographic largely consists of 40 year old women. His art won't last.

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