The music industry has some good news
sales in the week ending March 26 . The album’s sizable sales start was goosed by sales generated from a concert ticket/CD album sale redemption offer, along with over 80 merchandise/digital album bundles sold via The Weeknd’s website.Physical album sales declined 23.7% in the week ending March 26 to a new low of 747,000 copies sold – down from the previous record-low, set just a week previous, with 979,000.
Overall album sales continue to be impacted by coronavirus concerns – with most states under stay-at-home orders, and many indie brick-and-mortar record stores temporarily closed , along with big mass merchant stores likely focused on merchandising non-music products in these uncertain times. Further, consumers in general are likely focused on other matters outside of music, and perhaps choosing to be more selective with how they spend money.
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