News

#The Wall Street Journal: Taylor Swift’s ‘Midnights’ album sets sales record in its first week

“The Wall Street Journal: Taylor Swift’s ‘Midnights’ album sets sales record in its first week”

Swift is the only artist to sell at least a million copies in a single week for five different albums

Taylor Swift’s newest album marked her biggest debut yet, a feat in the streaming era as fans snapped up the music digitally and purchased a record amount of vinyl.

“Midnights” sold 1.58 million copies across formats, according to Luminate Data, formerly Nielsen Music, delivering it to the top of the Billboard 200 albums chart with the biggest sales week of the year — and the biggest sales week since Adele’s “25” seven years ago.

Selling albums in the first week of a release used to be the key metric of success for an artist when coming out with new work. First-week sales figures have deteriorated in recent years as customers overwhelmingly shifted away from purchasing CDs and albums on iTunes to streaming them on services such as Spotify
SPOT,
+1.98%
and Apple Music
AAPL,
+7.56%.

The first week total represents a combination of sales of physical and digital copies as well as streams. Traditional sales, such as from iTunes or CDs, are weighted more heavily in the music industry’s sales math. It takes 1,250 on-demand audio and video streams, or 3,750 ad-supported streams, to equal an album sale, or what’s referred to as a streaming-equivalent album.

Swift is the only artist to sell at least a million copies in a single week for five different albums. With “Midnights” she notched the third-largest streaming week ever for an album. It is the biggest sales week for a vinyl album in the modern era, since Luminate began tracking music sales in 1991, moving 575,000 vinyl LPs.

An expanded version of this report appears on WSJ.com.

Also popular on WSJ.com:

Where are markets headed? Six pros take their best guess

Cash-rich consumers could mean higher interest rates for longer.

If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.

For forums sites go to Forum.BuradaBiliyorum.Com

If you want to read more News articles, you can visit our News category.

Source

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close

Please allow ads on our site

Please consider supporting us by disabling your ad blocker!