Digital Sales Soar, but Satellite Plays Dead

[Adam Bernard]

Two major stories that could potentially affect the music world broke last week. First The New York Times reported that Atlantic Records has announced their digital sales surpassed their CD sales for the fourth quarter of 2008 (although they wouldn’t release the actual numbers and simply said digital sales accounted for “about 51%” of their total recorded music sales for the quarter), and a story on Slashdot made the claim that satellite radio is on its last legs, backing it up with a number of statistics, including the fact that the stock has seen a 97% decline since the merger of XM and Sirius. So what do these stories mean and how do they affect artists? Let’s take a look at them as individual cases.

Read the full story at: www.adambernard.blogspot.com