Joe Nardone, owner of the 11-store Gallery Sound of music chain in Pennsylvania,said that the music companies charge too much for albums. The Universial Group, which is one of the largest record cooperation cut the sales prices up to 25% in the last two years, in order to increase sales.
Comparing the sales figures of 2009 and 2010 the figure dropped from 147 million to 114 million this year.
In 2007 CD's accounted for 90% of the album sales in the United States, with digital accounting for the other 10%. In 2009 the CD sales were only 79% whereas the the digital download of music had increased up to 20%.
Therefore it can be said that the sales of CD's changed rapidly over five years and online download especially illegal download is becoming more and more popular.
However, Paul Grein, who writes the "Chart Watch" column for Yahoo says " I think it's (CD's) becoming less of a mass-market item and kind of a niche product that caters to a small but loyal following."
Nowadays it is not so much the sales of CD's, which makes the artist earn his money but more iTunes and other online downloading sites. That change came along because it is so easy for everyone to access Internet anytime and anywhere. In addition iTunes also allows the buyer to buy only one song of a whole album, which makes it more convenient for some people.
No comments:
Post a Comment