October CD Sales Down As Economy Struggles With Recession

November 6, 2008 11:00 AM ET

Despite the release of AC/DC's Black Ice, CD sales in October 2008 slumped mightily when compared with the sales from October 2007. On a whole, sales were down 19.4% from last year. While last October produced a more noteworthy list of releases — including Bruce Springsteen's Magic, the Eagles' Long Road Out of Eden, Britney Spears' Blackout and Carrie Underwood's Carnival Ride— this October was no slouch either, with Black Ice and the sustained sales of September releases like T.I.'s Paper Trail and Metallica's Death Magnetic. Comparing September 2008 to September 2007 finds another 20.4% decline. The decline is indicative of what's already going on in the music industry, plus the added influence of an overall economic recession. CD sales were only down 12.7% for the year leading up to the last two months, so the fall of the stock market goes hand in hand with the CD market. November looks somewhat more promising, however, with big ticket releases from Guns N' Roses, Kanye West, David Cook, Beyonce, the Killers and Nickelback.

Related Stories:
Are Retail Exclusives For AC/DC, Eagles, Guns N' Roses Good Business?
The Future of Digital Album Sales: Inside the Launch of MySpace Music
Apple Threatens to Shut Down iTunes If Royalty Rate Rises

To read the new issue of Rolling Stone online, plus the entire RS archive: Click Here

Music Main Next
Daily Newsletter

Get the latest RS news in your inbox.

Sign up to receive the Rolling Stone newsletter and special offers from RS and its
marketing partners.


We may use your e-mail address to send you the newsletter and offers that may interest you, on behalf of Rolling Stone and its partners. For more information please read our Privacy Policy.

Song Stories

“Bleeding Love”

Leona Lewis | 2007

In 2008, The X Factor winner Leona Lewis backed up her U.K. singing competition victory with an R&B anthem for the ages: "Bleeding Love," an international hit that became the best-selling song of the year. The track was co-penned by OneRepublic's Ryan Tedder (whose radio dominance would continue with songs such as Beyonce's "Halo" and Adele's "Rumour Has It") and solo artist Jesse McCartney, who was inspired by a former girlfriend, Gossip Girl actress Katie Cassidy. Given the song's success, McCartney didn't regret handing over such a personal track: "No, no," he said. "I'm so happy for Leona. She deserves it. There are really no bad feelings."

More Song Stories entries »