Nas 70% sales drop 2nd week, falls to #2

Harry B

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Why do people still keep track of record sales at this point? There are so low that these label conglomerates need to shut down, or be 100% digital.
It's a relative scale to measure how hot an artist is, that's why people keep track of it. The labels still make good money on record sales as well. Someone like Wale selling 500k in the US is a minimum of 5 million in a few months. But obviously the other money they are missing out on due to the digital age is made up from 360 deals/show money, shows are a lot more expensive today. Wiz Khalifa made 10 million in one year, I can imagine that the record label made 2x that of him.
 

Ninjaz In Paris

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Why do people still keep track of record sales at this point? There are so low that these label conglomerates need to shut down, or be 100% digital.

Because people still buy albums physically...

Sell 2 Million Digital Downloads of different songs from an album on iTunes at $1.99 & the label makes a good $1.5 Million off of that...

Sell an album for $10 & when it hits 500k copies it has made nearly $4-$5 Million & sometimes more depending on the album...

They'll stop releasing physical albums when they stop making money... :ld:
 

Amestafuu (Emeritus)

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Because people still buy albums physically...

Sell 2 Million Digital Downloads of different songs from an album on iTunes at $1.99 & the label makes a good $1.5 Million off of that...

Sell an album for $10 & when it hits 500k copies it has made nearly $4-$5 Million & sometimes more depending on the album...

They'll stop releasing physical albums when they stop making money... :ld:

They are actually stopping within the next year or two... except for special releases there won't be no more CD's.
 

Long Live The Kane

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Physical sales still account for virtually half of all music purchases...0% chance they phase them out anytime in the near future
 

boskey

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Ya'll want to see a real interesting piece of info:

For the first time ever, old albums are outselling new albums | Music | Newswire | The A.V. Club

For the first time since Nielsen Soundscan started tracking album sales in 1991, old albums are outselling new albums. 76.6 million catalog albums—records released more than 18 months ago—were sold in the first half of 2012, compared to 73.9 million current albums.


If the industry figures out it can make more money selling a 30 year old album than they can trying to market and push a new artist...its a wrap.
 
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