Mar
6
U.S. Record Industry Lost 24 Million Customers From 2007 to 2009
Filed Under Compact Disc News, Distributor News, Industry News, Music Retail News | Leave a Comment
The NPD Group’s Russ Crupnick presented some insightful data on U.S. music purchases from 2007 to 2009. Here are the numbers:
24 million fewer people bought music in 2009 compared to 2007.
From 2007 to 2009, there were 33 million fewer CD buyers in the U.S. and 24 million fewer music buyers in total, a 21% decrease.
As the number of music buyers declined, the average amount spent by each buyer rose 2%. That implies a 19% drop in total music spending over those two years, according to Billboard’s calculations.
On the other hand, Digital spending rose 52% to $50 a year per digital buyer.
They really are eating us alive, folks. Lets cross our fingers and toes and hope that people would buy more music this year.
Aug
23
New eBay Rules Affect Indies
Filed Under Distributor News, Industry News, Music Retail News | Leave a Comment
Indie retailers will face another massive hurdle this September when eBay introduces a rule that means they will have to double the advertised price of many of the records they sell. Ebay has a new rule which means sellers are expected to absorb the price of domestic postage costs in to the starting price of CDs or records being sold is expected to cause widespread hardship and chaos for hundreds of Indies trying to offload old stock through bulk deals and those that have a sideline in second-hand product. Some are expected to close.
Proper Distribution indie sales manager and retail expert Graham Jones said “Every indie uses eBay, it’s a fantastic way of clearing out old stock, so this isn’t good. If sellers have to add a typical £3.20 postage charge to their upfront price it will make their stock look far less attractive.”
Read the full article here.
Dec
4
Take That
England’s Take That’s latest album, “The Circus”, rocked the music and CD world selling 133,000 copies on it’s first day. They beat out Coldplay’s new album for the biggest single day of the year.
Great news for us CD junkies!
