Business
1.4 bln music purchases in 2007 in the US
Music purchases in 2007 reached 1.4 bln, the third consecutive year music sales have exceeded 1 bln; 1.2 bln (2006) vs. 1 bln (2005). Music sales exceeded 58.4 mln in the final week of 2007, representing the biggest sales week in the history of Nielsen SoundScan. The previous record was Christmas week 2006 with 47.4 [...]
Music purchases in 2007 reached 1.4 bln, the third consecutive year music sales have exceeded 1 bln; 1.2 bln (2006) vs. 1 bln (2005). Music sales exceeded 58.4 mln in the final week of 2007, representing the biggest sales week in the history of Nielsen SoundScan. The previous record was Christmas week 2006 with 47.4 mln music purchases. Overall Album sales (including Albums and Track Equivalent Album sales) declined 9.5% compared to 2006. Total album sales declined 15% compared to 2006. Consistent with the previous three years, 20% of total album sales occurred during the Holiday Season (last 6 weeks of year), Nielsen SoundScan reports.