What’s happening to the music industry?
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Old Records Are Outselling New Ones For the First Time
In the two decades since Nielsen Soundscan started to keep track of U.S. album sales in 1991, the company has seen the industry fold in half, digital sales catch up to physical, and vinyl mount a resurgence. But until last week, they’d never seen old records outsell new ones.
The first six months of the year saw sales of 76.6 million catalog records–industry-speak for albums released more than 18 months ago–compared to 73.9 million current albums.
“That’s a combination of two things: Read the rest of this entry »
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