28.2% of all albums sold in the UK in the third quarter of this year were digital, according to new figures released by the BPI. That’s up from 20.1% in the third quarter of 2010. The BPI’s figures, compiled by the Official Charts Company, reveal that 6.1 million digital albums were sold in the UK in the third quarter, up 24.2% year-on-year. Which is good news, but not enough to make up for the 20.5% decline in CD album sales to 15.6 million, meaning an 11.4% year-on-year drop for overall album sales. Meanwhile, 42.4 million digital singles were sold in the UK in Q3 this year, up 13% year-on-year. “While trading conditions are tough on the High Street, the strong pace of growth in the digital music market is extremely encouraging for the future,” says BPI boss Geoff Taylor. “2011 is shaping up to be a third record year for singles, which are now almost entirely a digital business. But the real story is how consumers are connecting with the value and instant enjoyment offered by the digital album.” Sceptics might argue that the real story remains the fact that these digital album connections still aren’t making up for the continued disconnection between consumers and CD albums, although revenues from subscription services aren’t factored into these figures. Read more:http://tinyurl.com/64v72to
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Tools: Kaiber
In the year or so since its launch, AI startup Kaiber has been making waves,…