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

Denai Moore unveils new single 'I Know'

Ahead of her recent collaboration with SBTRKT for his latest album 'Wonder Where We Land', London-based vocalist Denai Moore has unveiled some of her... 11 years 7 months ago

Wu-Tang Clan confirm release date for 'A Better Tomorrow'

After more than a year since the latest Wu-Tang Clan album was due to be released, group leader RZA has finally confirmed when it will hit the... 11 years 7 months ago

SBTRKT shares more music from his new album 'Wonder Where We Land'

Ahead of the release of his much-anticipated second album 'Wonder Where We Land', SBTRKT has now begun streaming some select cuts from his new... 11 years 7 months ago

Lorde unveils new track 'Yellow Flicker Beat'

After announcing earlier this year that she would be compiling the entire soundtrack to the new Hunger Games film 'Mockingjay Part 1', Lorde has now... 11 years 7 months ago

Röyksopp to release final album 'The Inevitable End'

After releasing a collaborative EP with Swedish popstar Robyn earlier this year, Norwegian electronic duo Röyksopp have announced they will be... 11 years 7 months ago

James Vincent McMorrow unveils new track 'You Know'

With an extensive UK and European tour about to kick off soon, Irish singer/songwriter James Vincent McMorrow has now unveiled a new track not... 11 years 7 months ago

Thom Yorke releases new album via BitTorrent

Radiohead frontman Thom Yorke has dropped a surprise album via the online torrent site BitTorrent. To explain his reasons for this, producer Nigel... 11 years 7 months ago

Neil Young announces new orchestral album

After recording his most lo-fi album ever 'A Letter Home' earlier this year, veteran singer/songwriter Neil Young is now looking to explore a far... 11 years 7 months ago

Jon Hopkins announces new EP 'Asleep Versions'

Mercury Prize nominated producer Jon Hopkins is following up his incredible 2013 album 'Immunity' with a new EP later this year. The new release '... 11 years 7 months ago