Album sells have dropped 10% from 1999 to 2008. In the 1990’s people were more prone to buy albums to listen to new music of the artist they like but now in the 21st century with technology advancing this makes it hard for artist to sell actual albums to their fans. New products with mobile devices within companies are advancing their products to allow their customers to download single tracks or whole albums directly to their phone. From 2007 to the end of the year the mobile music market is expected to jump from $1.7 billion to $3 billion. As CD sales plummet, the music industry is expected to see a $5 billion decline in total music sales in the next three years, from $31.8 billion to $26.2 billion. Because of this, record labels will look to the mobile space for additional revenue instead of album sales like in the past.
No comments:
Post a Comment