"Black Friday" Not So Great for Music Industry

| Tue Dec. 2, 2008 4:02 PM EST

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Is that still an "industry," even? Billboard is pointing out that while many retail sectors are breathing a sigh of relief after post-Thanksgiving weekend sales rose slightly, the world of music you pay for didn't do so well. First up, high profile album releases from Guns N' Roses and Kanye West both underperformed expectations, with G N' R's Chinese Democracy selling around 250,000 copies (compared to expectations of 300-700K), and Kanye's 808s and Heartbreak moving 425,000-450,000 units (while many expected double that). Maybe people just don't like those albums? Unfortunately, it looks like music sales in general suffered as well: stores like Barnes & Noble and Wal-Mart showed declines of up to 40% compared to last year.

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