I should have reported this a month ago, but I have been busy, busy, busy!
Good news!! Music sales are up for the first time in seven years! The midyear report showed that album sales have risen for the first time since 2006. Now, not by very much, (only one percent), but a little is better than nothing, right? It is progress in the right direction, so maybe we can continue to increase the album sales and see a significant increase by the end of 2011.
Techcrunch explains that these numbers are actual whole album sales and do not include single song purchases. If you assume that an album has ten songs and calculate that with the single song purchases, then the percentage increase is actually around 3.6%.
That means that for the first six months of 2011 the number of “track equivalent albums” sold was 221.5 million, compared to the first half of 2010. In my opinion, that is something to celebrate!
All of this comes during the revelation of cloud technology. Amazon, Apple, and Google will all be offering their own form of cloud technology and users will be able to access their music from anywhere. Other cloud technology online, such as Soundcloud, allows users to easily find new music that they like, thus leading them to purchase the tracks.
This is all very exciting for the music industry. I, for one, am excited to see what the cloud technology will do for the industry. Will it cause more piracy issues? Or will it help dissolve a few issues?
And my fingers are surely crossed for the album sales to continuously rise. These artists work very hard for their music and they deserve to be recognized for it. I am all for those who willingly want to give their music out for free, but those who do not should still be given the credit they are due.
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Sources:
http://techcrunch.com/2011/07/06/say-what-thanks-to-digital-music-album-sales-up-for-the-first-time-since-2004/
http://www.hypebot.com/hypebot/2011/07/music-sales-up-in-first-half-of-2011.html
http://news.cnet.com/8301-31001_3-20077357-261/nielsen-soundscan-album-sales-inching-up/