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

M.I.A. collaborates with The Partysquad on new track 'Gold'

M.I.A. has teamed up with Dutch producers The Partysquad on a new track for their latest mixtape. The new track 'Gold' originally leaked last week... 9 years 10 months ago

Rustie unveils new track 'Attak', featuring Danny Brown

Almost exactly one month before the Scottish producer releases his second studio album, Rustie has now unveiled a new track from the forthcoming... 9 years 10 months ago

How To Dress Well streams bonus track 'Let U Know'

After Tom Krell aka How To Dress Well released his latest studio album 'What Is This Heart?' last month, the producer is now streaming the bonus... 9 years 10 months ago

Jessie Ware unveils new track 'Share It All'

While we still haven't had any word when her new album will be released, that hasn't stopped Jessie Ware from sharing portions of it with us recently... 9 years 10 months ago

Flying Lotus announces new album 'You're Dead'

Experimental producer Flying Lotus has unveiled details about his latest upcoming album, due out later this year. The new work, entitled 'You're... 9 years 10 months ago

The Warehouse Project announces new season line-ups

As one of the country's most heralded clubbing residencies, The Warehouse Project will return later this year and have already announced the line-ups... 9 years 10 months ago

SBTRKT announces new album 'Wonder Where We Land'

After three years since he released his brilliantly diverse self-titled debut album, SBTRKT will return later this year to deliver his second full... 9 years 10 months ago

Grimes unveils previously unreleased track

Following on from the release of her new single 'Go' earlier this year, Grimes has now uploaded a previously unreleased track she recorded in... 9 years 10 months ago

Jessie Ware shares new album artwork

After Jessie Ware unveiled the first single 'Tough Love' from her forthcoming album of the same name earlier this year, the singer/songwriter has now... 9 years 10 months ago