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2007 U.S. Music Purchases Exceed 1.4 Billion
By Mi2N
(more articles from this author)
2008-01-23
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2007 Year End Factoids:

* Music purchases in 2007 reached 1.4 Billion, the third consecutive year music sales have exceeded 1 billion; 1.2 billion (2006) vs. 1 billion (2005) .

* Music sales exceeded 58.4 million in the final week of 2007, representing the biggest sales week in the history of Nielsen SoundScan. The previous record was Christmas week 2006 with 47.4 million music purchases.

* Overall Album sales (including Albums and Track Equivalent Album sales) declined 9.5% compared to 2006.

* Total album sales declined 15% compared to 2006.

* Consistent with the previous three years, 20% of total album sales occurred during the Holiday Season (last 6 weeks of year).

Digital Factoids:

* More than 840 million digital tracks were purchased during 2007; an increase of 45% over 2006.

* Digital album sales reached the 50 million for 2007; up 53% over the previous year and accounted for 10% of total album sales compared to 5.5% in 2006.

* In the final reporting week of 2007 the following sales records were broken:

- Digital track sales surpassed 42.9 million. The previous sales record was 30.1 million, week of 12/24 -12/31/06.

- Digital album sales this week fell just shy of the two million mark with sales of 1,920,000 sales; breaking the previous record of 1.2 million (12/31/06).

- Flo Rida's track "Low feat. T-Pain" set the mark for the biggest selling week for an individual Digital Track, with sales of 467,000 (previous record was Rihanna's "Umbrella at 276,000 sales). Note that Chris Brown's "Kiss Kiss" track sold 277,000 downloads which also broke the previous record held by Rihanna.

- The first time a digital song (combining all versions of the same song) sold more than 300,000 downloads in a week. Flo Rida's song "Low feat. T-Pain" is the new record holder for biggest selling week for a Digital Song with sales of 467,000 this week. Fergie's "Fergalicious" held the previous record with sales of 295,000. Timbaland's digital song "Apologize" also broke the previous record with sales of 319,000 this week.

* In 2007, there were 9 different digital songs with sales that exceeded 2 million compared to one in 2006 ("Bad Day" by Daniel Powter - 2,015,000).

* 41 Digital Songs exceeded the 1 million sales mark for the year compared to 22 digital songs in 2006 and only 2 digital songs in 2005.

* Fergie was the biggest selling digital artist in 2007 with 7.5 million track sales.

* There were more than 390,000 different physical albums that sold at least one copy over the Internet during 2007.

* Physical Internet album sales reached a new record high with sales of of 30.1 million unit sales; an increase of 2% over 2006 year-end total (29.1).

Best Seller Factoids:

* Josh Groban was the biggest selling solo artist, with sales greater than 4.8 million albums and the Eagles were the biggest selling group in 2007 with sales of 3.6 million.

* Josh Groban's Noel was the biggest selling album of the year with 3.7 million sales. It's the first time in the history of Nielsen SoundScan that a "seasonal/holiday" album held the top position on the year-end chart. Noel is also the first "seasonal/holiday" album to sell more than 3 million units in a year. The previous high for a "seasonal/holiday" album for a year was Kenny G's Miracles: A Holiday Album back in 1994 which sold 2,986,000 copies.

Strata Factoids:

* Album sales at Non-Traditional music outlets experienced significant growth with sales approaching the 90 million mark. Non-traditional outlets accounted for 18% of all album sales, compared to 12% in 2006, 9% in 2005 and 5% in 2004 (4% in 2003).

* 40% of all albums purchased were at a Mass Merchant outlet compared to 41% in 2006, 40% in 2005 and 38% in 2004 (35% in 2003 and 34% in 2002).

* Chain music stores for the first time accounted for less than 40% of all album sales; 36% compared to 41% in 2006, 45% in 2005 and 48% in 2004.

* Album sales at Independent music stores remained consistant from a year ago; accounting for 6% of all album sales (7% in 2005 and 9% in 2004).

Related News from Mi2N:
» 2007 U.S. Music Purchases Exceed 1.4 Billion


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