Andre Yoskowitz
12 Dec 2010 21:13
As of November 21st, digital music downloads have only seen 5 percent year-over-year growth, a number much lighter than most record labels execs had expected and hoped for.
The industry, while at least seeing continued growth from digital revenue has continued to see strong declines in CD sales, with 47 million fewer physical CDs being sold in 2010 YoY compared to 2009.
So far, digital track gains have increased by 95 million this year.
The revenue from 95 million downloads (at an average of $1.29) is nothing compared to the decline of 47 million CDs (at an average of $9.99).
Individual track sales are flat YoY but albums have seen a 12 percent jump, buoyed by strong sales of "Speak Now" by Taylor Swift and the full Beatles catalog on iTunes.