Album Sales At Their Lowest Since The 70s

Record executives all over the country in New York and L.A. are shaking in their boots. Billboard Magazine reports that record sales may be the lowest they have been since the early 1970s. For the week ending May 30, the U.S. music industry sold a total of 4,984,000 albums, according to Nielsen Soundscan. This figure, which includes new and catalog releases, represents the fewest number of albums sold in one week since Soundscan began compiling this data in 1994. By comparison, album sales for the week ending May 31, 2009, totaled 5.76 million. The highest one-week tally recorded during the Soundscan era is 45.4 million albums, in late December, 2000. Of course the record labels are only blaming internet piracy for the low sales and refusing to own up to their own role(s) in the decline of their industry. Yes. Internet piracy is indeed a problem. But they fail to admit that itââ