CD sales skyrocket
ARIA reports album sales up significantly
4 December 2008 (SYDNEY) – With Christmas still three weeks away and consumers tightening belts on spending, the Australian Recording Industry Association (ARIA) reports that CD sales have jumped as much as 57 per cent on a week-by-week comparison over the same period last year.
“For the past six weeks, we’ve seen a dramatic increase in physical album sales,” said Ed St John, ARIA Chairman and President and CEO of Warner Music Australasia. “Given the current economic climate, consumers appear to be re-prioritising their spending and music suddenly looks like a really attractively priced gift.”
The six-week uplift – which shows no signs of abating – commenced 27 October and shows a 22 per cent overall increase in CD sales from the same time last year. Over the same period, sales of the Top 5 albums are more than double the sales of last year.
“The release of highly anticipated blockbuster albums from Kings of Leon, AC/DC and P!nk appear to have been the catalyst for this spike in sales,” said St John. “But since then we’ve seen successive big releases from a whole host of acts – Nickelback, The Killers, Guns N Roses – and people seem to be rushing into music stores in numbers we haven’t seen for a long, long time.”
The week of AC/DC’s Black Ice release recorded a 47 per cent increase in physical sales over the same week in 2007. One week later, after pushing AC/DC from the #1 position on the charts, P!nk’s album Funhouse helped to push CD sales 57 per cent higher than the same period last year.
Australian Music Retailers' Association (AMRA) Chair and proprietor of Mall Music Geoff Bonouvrie credits both the state of the economy and the quality of albums to the rise in sales.
“When a recession hits, people look for cheaper forms of entertainment. A year ago, consumers may have been looking into buying plasma televisions, but now they are looking for value for their money and with music, you can get so much value for $20,” said Bonouvrie. “There are some very good albums on the market right now from Kings of Leon, P!nk, AC/DC, The Killers, Guns N Roses, not to mention several good soundtracks and dance compilations – and don’t forget the phenomenon that is André Rieu.”
ARIA notes that many other big-name artists are releasing albums this Christmas, including Dido, Enya, Beyonce, Kanye West, Britney Spears and Lady Gaga. Radio superstars Hamish and Andy have released a highlights album and there are also highly anticipated soundtracks on the market including High School Musical, Twilight and Packed to the Rafters.
There are popular compilations such as So Fresh, Now! and Ministry of Sound’s Annual and a number of hit releases from Australian artists including Tina Arena, David Campbell, The Presets, Jessica Mauboy and Geoffrey Gurrumul Yunupingu.
“We sometimes hear the complaint that nobody’s releasing good music anymore, but I think the range of albums on offer this Christmas proves that to be completely incorrect,” says St John. “The albums available this Christmas really do offer something for everybody. For around $20 you can purchase an album that will entertain you, move you and lift your spirits. We all need a bit of that right now.”
ARIA will release official sales figures for 2008 in the New Year.
Contact: Nicole Hart Christina Rogers
Revolutions Per Minute PR ARIA Communications
Ph: 0418 324 312 Ph: 02 8569 1144