Menu
18/08/2003
Price cuts fuels boom in album sales
Albums are leaving the shelves in record numbers, according to quarterly data released today by the British Phonographic Industry (BPI).
A 12% rise in unit sales lifted the album market to record levels of more than 228 million units. While the popular Now! series provided the bestseller of the quarter (Now! 54), other second quarter releases which featured in the Top 10 bestselling list included White Stripes’ critically acclaimed ‘Elephant’ and the fourth studio album from Welsh rockers Stereophonics’ ‘You Gotta Go There To Come Back’.
CD albums, with an average retail price of £9.79, have never been cheaper in the UK, say the BPI. However, this continued downward pressure on prices meant value lagged behind unit growth and the further decline in the singles market meant overall value recorded modest growth of only 0.1% in the second quarter.
Annual sales of the traditional singles formats shrank further to 41 million units. The reasons for this fall were shrinking price differentials between singles and albums, competition from other entertainment products and illegal downloading have all played their part, according to the BPI.
(gmcg)
A 12% rise in unit sales lifted the album market to record levels of more than 228 million units. While the popular Now! series provided the bestseller of the quarter (Now! 54), other second quarter releases which featured in the Top 10 bestselling list included White Stripes’ critically acclaimed ‘Elephant’ and the fourth studio album from Welsh rockers Stereophonics’ ‘You Gotta Go There To Come Back’.
CD albums, with an average retail price of £9.79, have never been cheaper in the UK, say the BPI. However, this continued downward pressure on prices meant value lagged behind unit growth and the further decline in the singles market meant overall value recorded modest growth of only 0.1% in the second quarter.
Annual sales of the traditional singles formats shrank further to 41 million units. The reasons for this fall were shrinking price differentials between singles and albums, competition from other entertainment products and illegal downloading have all played their part, according to the BPI.
(gmcg)
Related UK National News Stories
Click here for the latest headlines.
11 January 2006
Blunt and Chiefs lead Brit nominees list
James Blunt and the Kaiser Chiefs are leading the list of nominees for this year's Brit Awards, picking up five nominations each.
Blunt and Chiefs lead Brit nominees list
James Blunt and the Kaiser Chiefs are leading the list of nominees for this year's Brit Awards, picking up five nominations each.
05 August 2011
E.ON Increase Prices
E.ON has today announced that it will increase its prices by 11.4% for electricity and 18.1% for gas, with dual fuel customers seeing a rise of 15.2%, effective from 13th September.
E.ON Increase Prices
E.ON has today announced that it will increase its prices by 11.4% for electricity and 18.1% for gas, with dual fuel customers seeing a rise of 15.2%, effective from 13th September.
13 August 2007
House Prices Rise By 12% In June
UK annual house price inflation in June 2007 was 12.1%, up from 10.8% in May 2007. Annual house price inflation in London was 17.5% in June, up from 14.3% in May. The UK annual house price inflation rate for the 3 months to June was 11.3% and 15.1% in London. The UK house price inflation rate rose from 10.8% in May 2007 to 12.1% in June 2007.
House Prices Rise By 12% In June
UK annual house price inflation in June 2007 was 12.1%, up from 10.8% in May 2007. Annual house price inflation in London was 17.5% in June, up from 14.3% in May. The UK annual house price inflation rate for the 3 months to June was 11.3% and 15.1% in London. The UK house price inflation rate rose from 10.8% in May 2007 to 12.1% in June 2007.
01 September 2005
Fall in house prices reported
House prices fell by 0.2% in August, according to the latest figures from the Nationwide. The building society said that the rate of annual house price growth had fallen to 2.3%; it’s lowest level in nine years.
Fall in house prices reported
House prices fell by 0.2% in August, according to the latest figures from the Nationwide. The building society said that the rate of annual house price growth had fallen to 2.3%; it’s lowest level in nine years.
10 January 2013
Which? Call For Clear Supermarket Pricing
Consumer watchdog Which? has called for supermarkets to scrap "misleading price promotions". While they welcomed the supermarkets' Christmas profits results announcements they called for consistent unit pricing.
Which? Call For Clear Supermarket Pricing
Consumer watchdog Which? has called for supermarkets to scrap "misleading price promotions". While they welcomed the supermarkets' Christmas profits results announcements they called for consistent unit pricing.
-
Northern Ireland WeatherThis Evening and Tonight:A fine end to the day with sunny then clear skies but some low cloud and fog forming, especially in the east overnight. Winds will be light. Minimum temperature 8 °C.
