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Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared BP hopes to divert most of its Gulf oil gusher | Video 2:32am EDT Israel shadows new Gaza-bound ship: activists | Video 3:22am EDT Verizon may be alone in following AT&T rate change 04 Jun 2010 Israel intercepts new Gaza-bound aid ship: activist 12:16am EDT WRAPUP 1-BP hopes to divert most of its Gulf oil gusher 2:01am EDT U.S. says weighing new options over North Korea | Video 1:53am EDT Autopsy shows Gaza activists were hit 30 times: report 04 Jun 2010 New Apple iPhone on tap but may fail to dazzle 04 Jun 2010 McDonald's recalls 13.4 million "Shrek" drinking glasses 04 Jun 2010 UPDATE 2-BP's cap funneling oil to the surface-Coast Guard 04 Jun 2010 Autopsy shows Gaza activists were hit 30 times: report 04 Jun 2010 Israel shadows new Gaza-bound ship: activists | Video 3:22am EDT Israel intercepts new Gaza-bound aid ship: activist 12:16am EDT McDonald's recalls 13.4 million "Shrek" drinking glasses 04 Jun 2010 Verizon may be alone in following AT&T rate change 04 Jun 2010 BP hopes to divert most of its Gulf oil gusher | Video 2:32am EDT Kitten survives wash and spin in a washing machine 27 May 2010 Q&A: Is Israel's naval blockade of Gaza legal? 02 Jun 2010 China ex-premier's memoirs defend 1989 bloodshed 04 Jun 2010 Hormone patch may be safer for women 03 Jun 2010 Album sales plummet to lowest total in decades Ed Christman Sat Jun 5, 2010 12:33am EDT Related News Pending home sales at 6-month high Wed, Jun 2 2010 Christina Aguilera enters hipster territory as "Bionic" woman Mon, May 31 2010 Ray Charles' copyrights a lucrative business Mon, May 31 2010 An interior view of the Criminal Records store in Toronto December 1, 2009. Credit: Reuters/Terri Coles NEW YORK (Billboard) - Bad times just got worse. During the week ended May 30, the U.S. music industry sold a total of 4.98 million albums, according to Nielsen Soundscan. Entertainment | Music That figure, which includes new and catalog releases, represents the fewest albums sold in one week since Soundscan began compiling this data in 1994. By comparison, album sales for the week ended May 31, 2009, totaled 5.76 million. The highest one-week tally recorded during the Soundscan era is 45.4 million albums, in late December 2000. This past week's record low comes as the major record companies continue to reckon with a decade-long decline in sales, and as other prominent sectors of the industry, such as the touring business, go through sea changes of their own. While there's no exact way to compare the latest total against pre-Soundscan tallies, Billboard estimates that weekly album sales volume could, in fact, be at its lowest point since the early 1970s. "We think this is the lowest week ever, or at least of the Soundscan era," says Universal Music Group Distribution president Jim Urie. According to the Recording Industry Association of America, album shipments in 1973 totaled 388.2 million units, an average of 7.47 million per week. Because Soundscan measures albums sold (i.e. scanned) and not albums shipped, Billboard looked at the relationship between annual album shipments, as measured by the RIAA, and annual albums sold, as compiled by Soundscan, for the years 1992-2009. During that period, shipments exceeded scans by an average of 30 percent. By applying that 30 percent figure to the 1973 RIAA album shipment data, Billboard estimates that weekly album sales volume for that year may have totaled about 5.5 million units. That exceeds this past week's tally by 600,000 copies. (The RIAA began keeping figures on album shipments in 1973.) Veteran sales executives caution against putting too much stock into pre-Soundscan record-keeping. "Who the hell knows what weekly sales were back then," says Lou Dennis, who retired as Warner Bros. Records head of sales in 1996. Whatever the benchmark, industry executives agree that this week's album sales total of 4.98 million units is "pretty scary," in the words of Bruce Ogilvie, CEO of leading music wholesaler Super D. Digital track sales for the week totaled 21.7 million, and are distinct from the album sales tally. UMGD's Urie cites this week's album total as "all the more reason why everyone in the industry should be focused on getting the U.S. Congress to introduce legislation that makes the Internet service providers our allies in fighting piracy. Piracy is getting worse and worse, and the government needs to focus on that." Like Ogilvie, Urie thinks that the light release schedule is the main reason for the drop-off. "This week is likely a major aberration, with no big new releases out," he says. "June will be big. Look at all the big records coming out, including Sara McLachlan, Drake, Miley Cyrus, Eminem and Jack Johnson." Entertainment Music Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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