Overall Music Sales Up 2.1 Percent In 2009

Overall Music Sales Up 2.1 Percent In 2009

Overall Music Sales Up 2.1 Percent In 2009
Overall music sales — including albums, singles, music videos, and digital tracks — increased 2.1 percent to a record 1.5 billion units in 2009 in the United States, following 10.5 percent and 14 percent respective gains in 2008 and 2007, according to Nielsen SoundScan. Album sales dropped 12.7 percent to 373.9 million units, compared to a 14 percent decline in 2008, representing a new low since Nielsen SoundScan's data system was implemented in 1991. Michael Jackson was the year's top-selling artist with sales of 8.3 million albums, followed by Taylor Swift with 4.6 million. Digital track sales increased 8.3 percent to a record 1.16 billion units in 2009, down from a 27 percent increase in 2008, and digital album sales rose 16.1 percent to 76.4 million units, down from a 32 percent increase in 2008. (1/7)

Best Buy Eliminates Napster Executive Positions
Best Buy announced the elimination of the CEO and president positions for Napster, which it acquired in September 2008, in an effort to streamline the music service's executive staff. As a result, Napster CEO Chris Gorog and President Brad Duea are no longer with the company. Christopher Allen, previously Napster's COO, has been reappointed as general manager of the music service. (1/7)

Thumbplay Launches Music Service
Mobile entertainment company Thumbplay has launched a new streaming music service available for both Web and mobile phone users. The service costs $10 per month and includes content licensed from all four major labels, in addition to other sources such as CD Baby and the Orchard. Thumbplay's mobile app, currently available to only BlackBerry users, allows on-demand access and search capabilities across the entire catalog. (1/7)
 

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