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Totals like that can give consumers pause. "People don't experiment anymore, not with the tickets $50 and up," notes Ray Waddell, who covers the touring business for Billboard magazine.
Consumers don't seem to experiment when buying CDs either. The laundry list of underperforming 2001 releases by previously platinum-selling names includes Macy Gray, Michael Jackson, George Strait, Paul McCartney, Snoop Dogg, Jessica Simpson, Tori Amos, Sisqo, RZA, R.E.M., Mick Jagger, Rod Stewart, Lenny Kravitz, Prince and Mariah Carey.
Meanwhile, critical acclaim has not been able to turn the latest, widely hyped releases from Angie Stone, Bob Dylan, Radiohead, Ryan Adams, Pete Yorn, Nikka Costa or Travis into real commercial contenders either.
Accountants looking for a sales boost from a slate of superstar fourth-quarter releases have been disappointed. Labels are rolling out their best shots during the make-or-break holiday shopping season (Garth Brooks, Britney Spears, Creed, Kid Rock, Jewel, DMX, Master P, Limp Bizkit, along with greatest hits from Pink Floyd, Madonna, the Bee Gees, Smashing Pumpkins and Green Day), but to date it's not working.
For the first two crucial weeks after Thanksgiving, album sales were down an alarming 15 percent compared to the same time period last year, according to SoundScan -- despite dramatic efforts to drum up business by national music chains such as Coconuts and the Wiz, which sold CDs for $9 during special holiday promotions, losing money on every disc sold. (Retailers buy top-line CDs from labels for more than $10.)