US albums sales hit all time low

The United States has seen its biggest drop in album sales since records began this week.

Nielson SoundScan, which tracks sales data, reported that only 3.97million albums were bought in the US in the last week. The lowest weekly sales it has recorded since they began tracking in 1991 and the first time it has fallen below the 4 million mark.

Overall, the American music market has seen a worrying trend in total album sales in the last year, already being down by 14.6% when compared to last year and dropping by 100,000s every quarter.

A number of record executives have attributed the trend to the growth of streaming services such as Spotify and Last.FM, but with recent number one records going to those who shift less than 100,000 copies, how long does this format have?

[Via NME]

More News

Michael Kiwanuka shares new single 'Sing'

Few artists possess the ability to transform vulnerability into something genuinely uplifting quite like Michael Kiwanuka, and with his magnificent... 2 weeks 2 days ago

Mi von Ahn releases double single ahead of third studio album

Mi von Ahn has unveiled two new singles, 'Dadjat ii (II)' and 'Varje gång vi hörs kan det va för sent', offering a... 2 weeks 4 days ago

Rex Orange County shares new single 'Hannah Montana'

Rex Orange County continues to explore new creative territory with ‘Hannah Montana’, a beautifully introspective new single that offers another... 2 weeks 5 days ago

Marika Hackman announces new album 'False Dogs'

British singer-songwriter Marika Hackman returns with a beautifully introspective new single '33', alongside the announcement of her highly... 2 weeks 6 days ago

Drew Thomas returns with new single 'American Dreams'

Drew Thomas has spent his recent releases pulling apart the expectations people are handed about masculinity, belonging and identity; and on '... 3 weeks 4 days ago

Sampa The Great shares new single 'Location'

Sampa the Great continues her extraordinary artistic evolution with ‘Location’, a fierce new single that confronts the inequalities facing African... 3 weeks 6 days ago

Soft Play’s Isaac Holman Returns As Baby Dave With Hypnotic New Single ‘Wings’

Baby Dave, the solo project of Soft Play’s Isaac Holman, joins forces with rising producer and songwriter The Works on ‘Wings... 4 weeks 1 day ago

The Big Moon share new single 'F.O.R.E.V.E.R.'

The Big Moon turn their attention towards the enormous significance of life's smallest moments on new single ‘F.O.R.E.V.E.R.’, the latest preview of... 1 month 44 min ago

Mogwai collaborate with Iggy Pop on new single 'Underground'

Mogwai have recruited Iggy Pop for the colossal new single ‘Underground’, arriving alongside news of the Scottish band's 30-year career-spanning... 1 month 3 days ago