CD sales

Recorded music sales in America plunged another 7% last year as the sharp 16% drop in CD revenue more than offset gains in digital-media sales, according to new report. Overall sales fell despite the fact that illegal downloads of music have declined markedly since LimeWire was shut down.

Lehman Brothers Holdings, the once great Wall Street firm that went bankrupt at the height of the financial crisis, says it will have to pour hundreds of millions of dollars into two struggling units to avoid failures that could cost the investment bank billions.

For every band moving up on the charts, there are thousands eking out a living through live gigs, where they sell their own CDs. However, according to CNet.com, many run afoul of minimum pressings of 1,000 to get a decent per-disc price. Now, taking a page from the on-demand book printing industry,...

According to Rolling Stone magazine, mega-retailer WalMart has put the screws to the music industry in an attempt to force reduced prices for music CDs. As sales of this music format continue to plummet (down 15% in 2007), the store has demanding a sharp reduction in price, threatening to stop...