Friday, June 21, 2024

Record Biz in Sales Slump as Top 10 Albums Sell Fewer Than Half a Million Copies– Including Streaming!


The record business is in a massive sales slump.

No big new releases has led to a near standstill on the charts. This week’s number 1 album, by Bad Bunny, sold just 100,000 copies — and was the only album to sell that number.

Everything else in the top 10, including albums by Beyonce and Harry Styles, sold around 40,000 copies each.

The number 10 album sold 25,571 copies, from Youngboy Never Broke Again. He will be when he gets his sales report.

Five of the top 50 albums are also oldies, from Elton John, Fleetwood Mac, Queen, Creedence Clearwater Revival, and Elvis Presley.

To make matters worse, the Grammy year closes September 30th and there are no surprise releases coming. Nominees for Album of the Year will be slim pickings, with Adele and Beyonce’s 2022 releases in main contention, and not a lot to choose from.

New albums are harder to find than taxi’s in Toronto– and that’s bad!

Roger Friedman
Roger Friedman
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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