Overview of a music industry

The U.S. music industry issued nearly 80,000 new albums, of which 54,500 were in the physical format while 25,200 were in the digital format only. That represents a 5.2% increase over the 75,744 issued in 2006.

Of the nearly 80,000 releases issued in 2007, roughly 60 titles accounted for 30% of all new release sales, which totaled 70 million units. Meanwhile, nearly 62,000 new releases each sold less than 100 units.

Of the total new releases, nearly 11,000 albums were issued by the majors. Those albums sold nearly 151 million units, or 80% of total sales, which were about 180 million units last year.

While 4 million different tracks were downloaded last year, only 303 tracks scanned over 250,000 units while nearly 3.5 million tracks sold less than 100 units.

Less than 100 units??
More music being released, the majority of which doesn’t sell. [story]