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Tuesday, June 24, 2008

You know how I know at least 1,029,255 of you are gay?

 

Don't count out CD sales just yet.

While record stores may be shuttering at an alarming clip, and overall tallies for albums are down another 10% this year, breaking sales figures show the industry on a desperately needed upswing.

At least for the moment.

Last week, Lil Wayne's latest album, "Tha Carter III," moved one million copies, the highest tally for an opening CD week in over three years. That figure handily trounced the biggest debut week of 2007, Kayne West's "Graduation" CD, which pushed just over 950,000.

Now comes more encouraging news. Coldplay's new CD, "Viva La Vida," moved 729,255 copies in its first seven day cycle, according to Hitsdailydouble.com.

Official figures won't be published by Nielsen/SoundScan until June 25th.

Meanwhile, Coldplay also beat an iTunes record. "Viva" inspired over 300,000 full album downloads via that service, more than doubling the figure racked up by the previous one-week itunes download champ, Jack Johnson, who pushed 140,000 in the initial drop of his latest CD.

All this may hardly be enough to save the industry. But it shows that, even in the age of "free music," fans will shell out for the product they want.

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