Music album sales tumble further in 2008

U.S. album sales slid for a seventh time in eight years in 2008 as growth in the digital arena, one of the few bright spots in the ailing music industry, slowed, according to data issued on Wednesday, reports Reuters.

... Digital downloads, through online retailers such as Apple Inc's iTunes store, have taken on greater importance to the industry, but the impressive growth of recent years is waning.

... Ringtones are also a major new focus. But purchases of the top 100 mastertone ringers slid 33 percent to 43.8 million units. Only one mastertone broke the 2 million mark -- rapper Lil Wayne's "Lollipop." Last year, three did.

emily | 9:51 AM | Random Stats |
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