The Album Is in Deep Trouble – and the Music Business Really Can’t Save it!

Make no mistake, the album is fighting for its life. Sales of music’s most beloved format are in free fall in the United States this year. According to figures published by the RIAA (Recording Industry Association of America), the value of total stateside album sales in the first half of 2018 (across download, CD and vinyl) plummeted by 25.8 percent when compared with the first half of 2017. If that percentage decline holds for the full year, and there’s every indication it will, annual U.S. album sales in 2018 will end up at half the size of what they were as recently as 2015. To put it more plainly, U.S. consumers will spend around half a billion dollars less on albums this year than they did in 2017. The CD album is, predictably, bearing the brunt of this damage. After a comfortable 6.5 percent drop in sales in 2017, in the first half of 2018, revenues generated by the CD album in the USA were slashed nearly in half – down 41.5 percent, to $246 million!!

Sponsored Content

Sponsored Content