In an unsurprising announcement, it's been revealed that album sales in the United States have gone down. However, a statistic that may raise a few eyebrows is that zero artist albums have gone platinum in 2014.
According to Billboard, the top-selling album of the year is Beyonce's self-titled album at 776,000 sales. Lorde is right behind her with 754,000 sales. The Frozen soundtrack has sold the most copies at 3.12 million, but it is not an artist album. After hearing this news, it's clear that EDM fan favorites, including Skrillex and Porter Robinson, will not reach platinum status in 2014. Last year, five artist albums had reached platinum status by October 2013. This shows that many fans have moved to other platforms like Spotify, Pandora, and SoundCloud to listen to music.
Billboard put together a pie chart of record sales by label, which we have included below. To find out which of your favorite EDM producers are on which label, check out our "25 EDM Stars Signed To Major Record Labels" article.
During the first nine months of 2014, digital track sales fell 12.9% in comparison to the first nine months of 2013. Over the same time period, digital album sales are down 11.5% and CD sales are down 18.9%. It's clear that albums--even digital albums--are slipping in popularity.
This news about album sales may not have a huge effect on the dance music industry, as producers often release singles through EPs to take advantage of the quickness with which the EDM industry rinses through songs. In fact, dance music's quick rise in popularity could have had a catalyzing effect on the drop in record sales. This is complete conjecture, but dance music relies on SoundCloud a lot more than iTunes and traditional albums. In any case, it's interesting to witness this trend in album sales. This is something we'll have to keep an eye on over the next few months.