CD still music king, but losing ground to digital

"PORT WASHINGTON, N.Y. -- Market researchers NPD Groupsaid Tuesday that digital music downloads now make up 35 percent of the U.S. market, up from 30 percent in 2008.

People still buy more CDs, which account for 65 percent of music sales in the U.S., NPD said. The research group predicts digital music sales will nearly equal CD sales by the end of next year.." [continue reading]

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Swan Song For Movie Soundtracks

"Slumping CD sales and the increasing influence of iTunes over the music industry have taken a toll on the once reliable revenues of movie soundtracks -- and that’s left studios increasingly reluctant to release soundtracks to many films."

“While it’s still worth it for the right project, there are a lot of studios who aren’t even doing soundtrack deals anymore because they think it’s a waste of time,” Patricia Joseph, VP of Music Placement and Licensing for NYC-based Razor & Tie Entertainment, told TheWrap." [continue reading]

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Compact Disc Sales Still Waning

"Will this Christmas mark the death of the CD? Music industry analysts are already forecasting a blue holiday, with retailers not expecting much, in the way of profits, from music sales.." [read more]

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EMI Quits Selling CDs to Indie Record Stores

"The music industry knows how to hang out itself, even if it lacks the correct length pf rope. EMI, certainly reeling from declining physical album sales like the other Big 4 record labels, is now apparently telling independent album retailers that it will no longer sell them CDs." [continue reading]

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NASHVILLE SKYLINE: CD Sales Down for Country, but Digital Downloads Up

"Not surprisingly, CD sales continued to decline in the first half of 2009. Alarmingly for the music industry, growth of sales of digital albums also declined. Billboard and Nielsen SoundScan report that combined sales thus far in 2009 of CD albums and digital albums are down 23 million units from the same period a year ago..." [continue reading]

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