Album Sales Deteriorate Further

I've never been much of a believer in what Billboard has to say, and I certainly don't trust their weekly music charts. Having said that I post this just as a matter of interest. I've recently seen some of the major album sales in Canada and they are startlingly low.
Billboard reported on weekly album sales today from Soundscan, noting benchmark low performance, and identifying long-term trends. They key bullet point is 3.97-million units sold in the latest reporting week — the first time album sales have dipped under 4-million.
The report itemizes benchmarks from last year, when average weekly sales crossed below 5-million in the third quarter. This year, the quarterly averages are 4.75-million (Q1) and 4.55-million (Q2). Tellingly, the 5-million floor that existed for album sales in the first half of 2013 has become a rarely-approached ceiling in 2014. Billboard makes a trendline prediction that in 2015, weekly sales will drift in the 3-4 million range.
Weekly Soundscan numbers do not correlate to streaming metrics or the potential displacement of ownership by access. But that corollary trend is documented in longer-term reports by the RIAA and IFPI. Just this week, one branch of the IFPI released a year-over-year comparison of streaming and purchasing in one market — Denmark — indicating a clear pattern of the former replacing the latter.
Billboard reported on weekly album sales today from Soundscan, noting benchmark low performance, and identifying long-term trends. They key bullet point is 3.97-million units sold in the latest reporting week — the first time album sales have dipped under 4-million.
The report itemizes benchmarks from last year, when average weekly sales crossed below 5-million in the third quarter. This year, the quarterly averages are 4.75-million (Q1) and 4.55-million (Q2). Tellingly, the 5-million floor that existed for album sales in the first half of 2013 has become a rarely-approached ceiling in 2014. Billboard makes a trendline prediction that in 2015, weekly sales will drift in the 3-4 million range.
Weekly Soundscan numbers do not correlate to streaming metrics or the potential displacement of ownership by access. But that corollary trend is documented in longer-term reports by the RIAA and IFPI. Just this week, one branch of the IFPI released a year-over-year comparison of streaming and purchasing in one market — Denmark — indicating a clear pattern of the former replacing the latter.