Album Sales Drop Signals Transitions

Grey hairs among us may remember the thrill of a trip to the corner record shop to buy the hottest new album the day of its release.

People don’t do that anymore.  Sam Weaver, a 40-year radio veteran and an editor with music industry trade publication All Access says consumer’s options have improved wildly.  “Oh, my gosh!  I-Tunes, for example.  You Tube, Pandora, Spotify.  These are all the ways consumers can get access to their music,” Weaver tells KTRH News. 

“Nielson released a study that shows music consumption has increased 12.5%.  Now – that’s consumption vs. sales, traditional sales, album sales,”  he says, citing a 2017 review adding traditional album sales with track equivalent album units, and other forms of audio and video streaming. Even if you take You-Tube out of the equation, there has been a 10.2% uptick in music consumption.  Streaming now accounts for 65% of all music consumed, up from 51% in 2016.

If B.B. King could grab Lucille today he’d be strumming “…the thrill ain’t gone.”  It’s only moved.

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