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Music business badly needs Eminem's "Recovery"

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"Official figures for the key U.S. market as it approaches mid-year show how tough conditions are for music companies and acts who blame illegal file sharing for their woes.  According to Nielsen Soundscan, which tracks sales, 4.98 million albums were sold in the week ending May 30, possibly the lowest figure since the early 1970s. By comparison, the record one-week tally set in December 2000 was 45.4 million. Analysts put the low figure down to a weak lineup during that particular week, and Drake's record is forecast to be one of the largest launches of the year so far while Eminem, another "tentpole" album, follows hot on its heels."

SOURCE:   Reuters