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!