Billboard reports that album sales are continuing to slide into oblivian:
Track Equivalent Albums (TEAs) were 13.1% lower in May 2009 versus May 2008. That was a reversal from the relatively successful month of April in which TEAs were down only 4.6%. Year to date, TEAs are down almost 7.6% versus last year.
And, excluding TEAs (track sales divided by ten) for the year through May 31, “album sales are down 13.4% versus the same period in 2008 and are down 30.4% against the same period in 2007.” Yipes. Granted, it’s still eight millions “units” in five months, but if sales continue to slide at this rate, what’s going to be left of the music industry after a few more years? Does it even matter?