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

The Prodigy unveil new single 'Nasty'

After unveiling the details for their forthcoming studio album 'The Day Is The Enemy' last week, The Prodigy have finally given us the first single... 10 years 1 month ago

Death Cab For Cutie announce new album 'Kintsugi'

Having founding member Chris Walla leave the band last year, Death Cab For Cutie are still looking to continue on by announcing the details... 10 years 1 month ago

Django Django share new single 'First Light'

After nearly three years without any new material, indie four-piece Django Django return with their new single 'First Light'. The band released a... 10 years 1 month ago

Aphex Twin announces new EP 'Computer Controlled Acoustic Instruments Pt2'

Despite releasing 'SYRO', his first studio album in 13 years last year, Aphex Twin is already due to release some new material in the form of a... 10 years 1 month ago

Django Django tease new release 'First Light'

Despite having been relatively quiet over the last few years, it seems that Django Django are prepping a new release for next week. The band... 10 years 1 month ago

Years & Years named as BBC's Sound Of 2015

London-based trio Years... 10 years 1 month ago

Kindness streams new 'Who Do You Love?' remix EP

Landing himself the #3 spot on our Top 50 Albums Of 2014 list with his latest album 'Otherness', Kindness has now unveiled the remix EP for his... 10 years 1 month ago

Ghostpoet announces new album 'Shedding Skin'

Despondent, brooding vocalist Ghostpoet will return later this year with his third studio album 'Shedding Skin'. The follow-up to his 2013 effort... 10 years 1 month ago

Years & Years share new single 'King'

Having already been named as one of the acts to watch in 2015, Years... 10 years 1 month ago