The U.S. music industry issued 75,774 album titles in 2006, or 15,000 more than the 60,331 albums that came out in 2005. Despite that jump, new-release sales dropped 9.4% last year to 220 million. (Source: Billboard Magazine, May 12, 2007)
We all know by now that physical CD sales are dropping - but still, more than 75,000 new CD releases? In the U.S. alone? Pretty amazing, if you ask me.
However, 55,516, or 73.3% of all new releases last year failed to even sell 100 units. Yikes. And suddenly the fact that our band sold 2400 CDs last year does not sound bad. At all.
Just some statistics for your thoughts.
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