Music Sales On the Decline

In a dramatic acceleration of the seven-year sales decline that has battered the music industry, compact-disc sales for the first three months of this year plunged 20% from a year earlier, the latest sign of the seismic shift in the way consumers acquire music. The sharp slide in sales of CDs, which still account for more than 85% of music sold, has far eclipsed the growth in sales of digital downloads, which were supposed to have been the industry’s salvation.

Now the RIAA has something to be proud of! They have screwed so many people over, that there is now a noticeable decline in sales.. and 20% is -not- a small deal. It’s not rocket science… they are only hurting themselves. It’s stories like I related the other day that put a solid reason behind the decline.

Source: Wall Street Journal