Why the Music Industry Is Really Doomed December 30, 2007Posted by David Card in Media.
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.