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Sony Music Sales Drop 14.5% In Last Quarter

Posted by on February 7, 2011

DigitalMusicNews.com is reporting that Sony Music’s sales experienced a huge 14.5% decrease during its last quarter, while revenue slipped to $1.72 billion for the three month period (which ended on December 31st). With illegal downloading still reigning supreme, this major drop isn’t as much of a shock, especially since the latest Susan Boyle album and the posthumous Michael Jackson album didn’t exactly light the cash registers on fire. This news does confirm two things:

  1. Barely anyone is buying CDs anymore.
  2. Digital sales aren’t filling the gap left by physical sales.

However, you don’t need Sony Music’s third quarter to remind you that physical and digital sales are taking.

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Categorised in: Gloom And Doom