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

Andre 3000 to produce Aretha Franklin covers album

In a recent interview with Billboard, legendary soul singer Aretha Franklin announced the news that Andre 3000 will be a producer on her forthcoming... 10 years 5 months ago

Karen O announces debut solo album

Yeah Yeah Yeahs' frontwoman Karen O is stepping out on her own for the first time this year with the announcement of her very first solo album.... 10 years 5 months ago

Watch Rick Rubin's hour-long interview with Zane Lowe

Throughout last week, an interview with notoriously reclusive producer Rick Rubin was aired in snippets on Zane Lowe's Radio 1 show as part of a... 10 years 5 months ago

Clean Bandit announce new single 'Come Over'

Following the release of their Top 3 debut album New Eyes and recent Top 5 single ‘Extraordinary’, Clean Bandit are pleased to announce details of... 10 years 5 months ago

LCD Soundsystem side-project Museum Of Love announce debut album

Former LCD Soundsystem drummer Pat Mahoney will return later this year with his latest musical project with long-time collaborator Dennis McNany as... 10 years 5 months ago

Rustie announces new album 'Green Language', shares first single

Glasgow's experimental whizzkid Rustie will return later this year with the follow-up to his stunning 2011 debut 'Glass Swords'. The new album '... 10 years 5 months ago

Julan Casablancas + The Voidz announce debut album

In what was originally thought to be the next solo record from Julian Casablancas, the Strokes frontman has now unveiled his latest musical project... 10 years 5 months ago

Royal Blood announce debut album details

In what is likely to become one of the most anticipated debut albums of the year, Brighton two-piece Royal Blood have now announced the details... 10 years 5 months ago

Prince has two albums ready for release

Earlier this year, Prince announced that a new album with his band 3rdEyeGirl would be released in the near future, but in a recent interview with... 10 years 5 months ago