STACKING UP SALES
Total album and single sales of CDs and cassettes for the week ended Oct. 16, compared to week-ago and year-ago levels, in millions of units sold:
Albums Singles Latest week 10.4 1.8 Week-ago 10.5 1.9 Year-ago 9.8 2.0
Hits Magazine Tip of the Week
The highly anticipated music video channel being jointly launched by Warner Music, Sony, PolyGram, EMI and BMG appears to be on the back burner amid questions if it will ever become a reality. Insiders say recently enacted cable legislation has made the venture more costly than originally projected, while a Justice Department antitrust inquiry has also been a major cause of concern. The new video channel was originally designed to give labels an alternative to MTV for music video exposure.
Note: Hits magazine is a weekly music industry trade publication.
Source: Soundscan Inc.
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