Album sales tumbled 9.5 percent in 2007
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New music industry data show the number of U.S. albums sold last year tumbled 9.5 percent from 2006, even as the number of digital tracks sold soared by 45 percent.
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Reports of the death of CDs have been greatly exaggerated, according to research published yesterday which said legally downloaded music would represent only a fraction of sales in five years&#39; time.
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Amid gloom in the recording industry, North American concert grosses reach a new high for the ninth year in a row.
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Just when it seemed erosion of music  sales during the holiday season couldn't get worse, December  snowstorms compounded the retail industry's misery.
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New home sales posted the biggest drop on record in 2007, according to the government's latest look at the battered housing market released Monday, as a year that saw a meltdown in the mortgage market and a drop in home values ended with yet more signs of weakness.
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Sales of new homes plunged by a record amount in 2007 while prices posted the weakest showing in 16 years, demonstrating the troubles builders are facing with a huge backlog of unsold homes.
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Sales of music fell at a faster rate in  2007 than 2006 despite digital sales soaring, and the  gatekeepers of the Web must act if the industry is to beat  piracy, the international trade body said on Thursday.
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Global CD sales in 2006 have slumped "more than expected", according to an industry report.
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The global recorded music market fell  for the seventh consecutive year in 2006, and the slide is  accelerating in 2007, according to figures published by a music  trade group.
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NEW YORK (Billboard) - Just when it seemed erosion of music sales during the holiday season couldn't get worse, December snowstorms compounded the retail industry's misery.
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( in paragraph nine group sales in North America has been  corrected to "slipped 0.5 percent to 530,630." In paragraph 10  the year has been corrected to 2009)
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Amy Winehouse album Back to Black is confirmed as the biggest selling album on the UK chart in 2007.
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New home sales plunged in 2007 by the largest amount on record while home prices tumbled sharply in December. Analysts forecast more trouble in 2008 as housing tries to emerge from its worst slump in more than two decades.
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While sales of physical  albums plummeted during the first nine months of 2006, big  increases in the demand for digital tracks and albums have kept  the overall music business in line with last year's totals.
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Concern about the US housing market returns as a key survey shows sales have fallen to a near five-year low.
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A swing to growth in US album sales and surging consumption of music on DVD helped slow the decline in first-half global sales of recorded music, the trade body for the world&#39;s largest record companies said Thursday.
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Cruising along the ever-stretching road of decline. Auto giant Ford Motor (nyse: F - news - people ) reported vehicle sales in October that fell 5% from a year ago.