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

XL Recordings celebrate 25 years with 4-vinyl compilation

As one of the biggest independent labels in the world, XL Recordings are marking their 25th year of business with a stunning 'best of' compilation of... 11 years 8 months ago

Rustie's new track 'Velcro' features on Adidas advert

While the World Cup is long over, Adidas are getting us ready for the new season and have managed to bag Scottish producer Rustie to add some flare... 11 years 8 months ago

Action Bronson unveils new track 'Easy Rider'

The New York rapper may be becoming just as famous for his love of food thanks to his online culinary opinion show 'Fuck That's Delicious', but now... 11 years 8 months ago

Arcade Fire cover 'Beverley Hills Cop' theme

This isn't the first time Arcade Fire have performed surprise covers on their recent 'Reflektor' tour. Prince, The Smiths and many more have all made... 11 years 8 months ago

'Lazaretto' becomes biggest selling vinyl in 20 years

It certainly seems like vinyl has firmly made a comeback after it has now been announced that Jack White's second solo album 'Lazaretto' is now the... 11 years 8 months ago

Jessie Ware announces 'Tough Love' release date

News of the upcoming Jessie Ware album has been arriving in small doses over the last month but finally a date has been set for the new release.... 11 years 8 months ago

Fucked Up share two unreleased tracks 'The Way We Did' and 'Blink'

Canadian punk rockers Fucked Up may have only just released their latest album 'Glass Boys', but now the band have unveiled two unheard tracks that... 11 years 9 months ago

Lorde to curate next 'Hunger Games' soundtrack

After teenage pop sensation Lorde featured on the soundtrack to the previous film 'Hunger Games: Catching Fire', it has been announced that the... 11 years 9 months ago

Peace unveil new single 'Lost On Me'

Birmingham-based foursome Peace have unveiled another track to be taken from their forthcoming new album. The track 'Lost On Me' follows the... 11 years 9 months ago