August recession

The negative sales trends on the domestic music market experienced during the summer months continue into the autumn.

Illustrasjon: graf (ned)

The latest sales figures from the Association of Norwegian Record Distributors show that the domestic music market continues to shrink. The August sales figures are down 4 % compared to 2007. Sales of physical units are down 8% compared to last year while digital download sales grew with 58% in value.

Sales of singles are down 43% in value while DVD music releases are up 2% in value in July 2008.

So far in 2008, 5,1m physical units have been shifted, resulting in a total turnover of NOK 295m while digital downloads have generated a NOK 36m turnover. Overall, combined physical and digital sales are down 8% in total so far this year.

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