News

Lou Reed’s death spurs sales spike

Lou Reed’s death spurs sales spike

LOU REED: The iconic rocker passed away at the age of 71. Photo: Associated Press

LOS ANGELES (AP) — It’s a sad rule about the death of musicians: it’s great for sales.

Billboard reports sales of music by Lou Reed and by Velvet Underground have spiked since his death.

Reed sold about 1,000 copies of his albums the week before he died and about 3,000 in the week ending Sunday, the day he died. That’s a 607 percent increase.

EXTRA: Rocker Lou Reed dies at 71

Velvet Underground sales went up 236 percent.

Billboard analyzes data by the week, so it’s likely Reed will see even bigger increases in the full week after his death, which will show up in next week’s data.

Recent Headlines

in National

Gunman kills one student, wounds two others at Sacramento college

Fresh
18-overlay2

One student was killed and two others injured after a fistfight at a Sacramento community college escalated into a shooting.

in National

10 FOR TODAY: Friday, Sept. 4

Fresh
lol

Your daily look at late-breaking news, upcoming events and the stories that will be talked about Friday.

in National

US employers add 173K jobs in August; rate falls to 5.1 pct.

Fresh
sam

The U.S. unemployment rate fell to a seven-year low in August as employers added a modest 173,000 jobs, a key piece of evidence for the Federal Reserve.

in National

The skies will be crowded this Labor Day

plane

The group has forecast that summer travel will reach an all-time high on the wings of a strong U.S. economy.

in National

Days numbered for barcodes as shoppers demand more data

barcodes

Growing demand for more information about the products we buy could mean the end of the simple barcode - the blocks of black and white stripes that adorn most objects for sale and are scanned five billion times a day.