Will CD sales pick up for Christmas?October 19, 2006
It was reported by the RIAA that CD sales in the United States fell over 15% in the first half of 2006 compared to the same period last year. There was an overall 6% drop in the market for recorded music.
Digital music, however, has contributed to prevent a further slide on sales, since the segment experienced a growth of 86% in sales. The transfer in value from physical to digital seems to be relentless and is expected to keep growing steadily in the next few years. Distributors and retailers are not very optimist about the approaching Christmas season, that traditionally “saves this year” for many independent labels. Although it’s still early to feel the drive on the consumer side, retailers have reportedly been modest with their orders of new product across Europe.