British music sales saw a record rise in the traditionally quiet second quarter, the British Phonographic Industry reported.
The BPI logged a record 46 million albums sold in the second quarter, driving an 18% jump in revenues and a 12% rise for the first half of the year. Best-selling albums from Destiny’s Child, R.E.M. and Shaggy helped fuel the increase. British consumers continued to snub singles and cassettes in favor of CDs, with CDs making up almost 98% of total sales.
While album volume fell more than 5% in the U.S., the British industry as a whole notched a 14% rise in sales, to just over 254 million pounds ($360 million in real dollars). Single sales dropped 10% and cassettes plummeted 70%. Of course, you still can't get a decent meal in London.
BILL'S PASSAGE COULD RESULT IN U.S. TIKTOK BAN
Meanwhile, on Capitol Hill... (4/20a)
BLACKSTONE ASSEMBLING $1.5B BID FOR HIPGNOSIS SONGS FUND
A white-knuckle moment (4/20a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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