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

Jamie T announces new album 'Trick'

After returning from a five year silence back in 2014 to release his third studio album 'Carry On The Grudge', Jamie T is already preparing his next... 7 years 10 months ago

M.I.A. shares new track 'Go Off'

Following on from yesterday's news of her next studio album being confirmed, M.I.A. has now shared the first official single to be taken from the... 7 years 10 months ago

A.G. Cook shares new track 'Superstar'

As the founder of alt-pop collective PC Music, A.G. Cook returns with his latest super-sweet treat. The new track 'Superstar' precedes the first... 7 years 10 months ago

M.I.A. announces new album 'A.I.M.'

Having spent much of the year in a bitter dispute with her label, threatening to leak the album on several occasions, it looks like the new M.I.A.... 7 years 10 months ago

Honeyblood return with new single 'Ready For The Magic'

Following on from their 2014 self-titled debut album, Honeyblood have now returned with the first taste of album number two. The new track 'Ready... 7 years 10 months ago

PJ Harvey unveils new single 'Guilty'

Having released her ninth studio album 'The Hope Six Demolition Project' earlier this year, PJ Harvey has returned to deliver an off-cut from that... 7 years 10 months ago

AlunaGeorge share new single 'Mean What I Mean'

Having announced their new album earlier this year, AlunaGeorge have finally revealed when it is coming out and released a new single at the same... 7 years 10 months ago

BANKS returns with new single 'Fuck With Myself'

Following on from her brilliant 2014 debut album 'Goddess', BANKS has returned with the first single to be lifted from her next full-length. The... 7 years 10 months ago

Crystal Castles announce new album 'Amnesty (I)'

They have been teasing this release all year but finally Crystal Castles have announced the full details of their next studio album. The band's... 7 years 10 months ago