Album Sales Up for First Time in 7 Years

lady gaga katy perry album sales up 7 years

Strong sales of new releases from the top ladies in song and multiple reissues of classic albums made the first half of 2011 the best 6 months for album sales since 2004, according to Nielsen SoundScan.

The one percent increase in sales is little more than a tiny bright spot for an industry which has gone into a tailspin over the past decade. The major labels failed to capitalize on emerging digital distribution models early on and do not look to be in a position to recover any time soon.

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Interview: Dermot McCormack, EVP Digital Media, MTV Networks @ CES 2011

Can MTV.com do what many have tried (and failed) to do over the past decade-and-a-half — become the MTV of the internet? MTV Networks’ head of digital media told us that’s exactly what he’s set out to do in 2011. I spoke with EVP of MTV.com Dermot McCormack about iPads, Android tablets and the future of MTV digital and mobile programming at the MGM Grand in Las Vegas during the 2011 Consumer Electronics Show.

Originally posted at LAist.com