Digital Conversion – CD Sales Fall, Downloads Rise

“According to Nielsen SoundScan, the information system that tracks sales of music and music video products throughout the United States and Canada, sales of music CDs in the States are down almost 7 percent from last year. Album sales in 2004 totaled 480.6 million; sales through late October of this year reached 446.9 million. Meanwhile, legal digital downloading shows no signs of slowing down. Nielsen reported digital sales in 2004 of 101 million. Spurred by the iPod revolution, that number grew to 264.4 million this year. There are more than 230 online sites where consumers can buy music legally, up from 50 a year ago.”