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Major Record Label Admits CD Sales is Not a Measure of Success

By DrewWilson

In the face of another major slump in CD sales, the major record labels say they have other streams of revenue as well. A report from the New York Times has some interesting comments from the major record labels. Neilson Soundscan reports that CD sales have slumped this year with the top selling album selling less than 3 million albums for the first time since Soundscan reported record sales (17 years). The news came with some interesting notes including the fact that ticket sales have been going up. The record industry has been wanting a cut of the revenues generated from live tours for about a year now in so-called "360 deals" though the Times report says that this is not the norm for contracts yet.

Full post as published by ZeroPaid on January 01, 2009 (boomark / email).