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Why the Music Industry Is Really Doomed December 30, 2007

Posted by David Card in Media.
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Can this really be true? A bit of Christmas pablum is the top-selling album of 2007? (Yes, the Card family owns a copy.)

    While (Josh) Groban’s “Noel” has crossed 3.5 million in sales to become the top-selling disc of the year, overall music sales during the Christmas shopping season were down an astounding 21% from last year. From the week of Thanksgiving up through the day before Christmas Eve, 83.9 million albums were sold, a decrease of 21.38 million from 2006’s 105.28 million.

Maybe our grim forecast is too positive, after all.

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