It’s not totally unexpected but all the same, it’s sad news. Due to the ongoing Coronavirus lockdown, we’ve seen a real drop in both physical sales and streaming numbers of
album sales. In fact, sales are so bad that we’ve seen them fall to their lowest in 60 years in the US. This is yet another indication of how the virus continues to affect the music industry as a whole.
Gigs, tours, and festivals have basically been canceled or postponed throughout the world, and streaming figures have also fallen dramatically in the wake of the outbreak.
Billboard reported that the equivalent of 1.52 million albums had been sold during the week of March 19th. This shows that this is the lowest number of album sales recorded since the mid-1960s.
Obviously the closure of record stores to comply with lockdown measures has impacted the sales of albums dramatically, some stores are still selling stock online, but retail giants Amazon have stopped stocking vinyl to make room for more essential products.
In the meantime, this year’s Record Store Day has been postponed from April 18thto June 20th because of coronavirus which is a huge blow to stores who traditionally get a large increase in revenue this time of the year.