Monday, January 24, 2011
The good news for Cake is that they scored their first #1 album, Showroom of Compassion according to Billboard. It debuted at the top of the charts last week. The bad news for the recorded music industry is that the album only sold 44,000 units. This is the lowest debut since Soundscan started recording sales in 1991. 15 years ago, acts would get dropped the next week if they debuted with that many units sold. This week's sales topped last week's lowest selling #1 in Taylor Swift's Speak Now. It was her sixth consecutive week at #1 with 52,000 units sold. This has got to be bad news for record labels who solely rely on recorded music sales. It doesn't mean anything to artists who always made their money touring and selling merchandise.