Company Town : STACKING UP SALES
Total album and single sales of CDs and cassettes for the week ended Aug. 21, compared to week-ago and year-ago levels, in millions of units sold:
Latest week: Albums: 11.3 Singles: 2.2
Week-ago: Albums: 10.6 Singles: 2.1
Year-ago: Albums: 10.4 Singles: 2.6
Hits Magazine Tip of the Week
The music industry rumor mill is churning about the future of former Elektra Records Chairman Robert Krasnow, who resigned three weeks ago following the appointment of Doug Morris as president and chief operating officer of Elektra parent company Warner Music Group. Insiders say Krasnow, who is close to a settlement of his Warner Music Group contract, has had discussions with industry titan David Geffen, who is nearing the end of his contract with MCA. Another rumor has Krasnow becoming CEO of Bertelsmann Music Group’s North American operations--a job he reportedly turned down while at Elektra.
Note: Hits magazine is a weekly music industry trade publication.
Source: Soundscan Inc.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
