Surprise, Surprise: Digital Album Sales Up, Physical Album Sales Down

Surprise, Surprise: Digital Album Sales Up, Physical Album Sales Down

For all the talk of the music industry's decline, a new study from the RIAA shows that things aren't as bad as they seem. Yes, sales during the first three months of 2011 are down 1.3% compared to 2010, but you gotta look deeper to see the good news: According to the RIAA's chart (above), which was made using data sourced from Nielsen SoundScan, digital album sales have increased by 15.0%

Conversely, as more people are buying digital albums, less and less people are purchasing physical albums. The number of physical albums sold dropped 12.3%. Will the industry level itself out? If drastic changes are made to embrace the digital buying culture, yes. 

Consumers are obviously consuming media in a completely different way than they were when most of the industry execs started their gigs. The industry should be made to reflect and compliment customer's new habits; not the other way around. 

[via MediaMemo]

 

Tags: riaa, albums, music, digital, itunes
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