Published Oct 06, 2009More fodder for those who are bemoaning the death of the recorded album was revealed today. A new - and rather shocking - report has been issued during the Future of Music Summit, which took place this week in Chicago.
In the interest of truth, the organizers put together some statistics regarding hard copy sales. While they haven't been compared to digital download sales or past data, they are still obviously a very hard pill to swallow.
According to the Chicago Tribune, more than 115,000 albums were released in 2008. Of those, only 110 sold more than 250,000 copies, 1,500 topped 10,000 sales, and fewer than 6,000 reached 1,000 sales.
Keep in mind that to be certified as a gold-selling album by the Recording Industry Association of America (RIAA) in the United States, an album has to reach 500,000 units sold.
An overt anomaly, the Beatles recently sold 2.25 million physical reissues of 40-year-old albums in just five days and still do not sell music digitally. No information was given about the average age of those 2.25 million buyers or their degrees of technological ability.
Roll over John and George: