RIAA SAles Up 10% While SACD Sales Go Down

“The music industry is showing some signs of a rebound in the first half of 2004, with full-length CD shipments to retail outlets increasing by 10.2 percent, compared to the amount of shipments over the same time period in 2003. This is the first time in five years that the first half of the year has experienced an increase in shipments. DVD music videos and licensed digital downloads also showed impressive growth, according to new data announced today by the Recording Industry Association of America (RIAA).

Improvement in the performance of the CD format was not enough to make up for a multi-year period of decline. Compared to 2001, CD shipments to retailers remained down by 4.3 percent, and overall product shipments to retailers are down 9.8 percent. “

We think music downloads are playing a very important role in the sales increase. It should just go to show that the RIAA needs to embrace the internet, not try to destroy it. It might also mean that people just prefer the MP3/AAC formats over traditional CD’s and will do whatever that means to get their hands on it, even if that means paying for it ;)

Read the full story at Audio Revolution