Apr. 9th, 2003 01:08 pm
Interesting conclusion
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
jdotmiHeh. Gotta love this. Apparently, the music industry is fighting against privacy. Something most all of us already knew.
Global music sales spin lower
Wednesday, April 9, 2003 Posted: 7:36 AM EDT (1136 GMT)
LONDON, England -- Sales of recorded music slumped worldwide last year due to Internet piracy, increased competition from other entertainment sectors and a decline in consumer spending, an industry group said Wednesday.
Despite a string of hits from the likes of Eminem, Norah Jones and Shakira, the International Federation of the Phonographic Industry (IFPI) said global revenue fell 7 percent to $32.2 billion in 2002.
The sale of CD albums -- which accounts for 89 percent of the market -- slipped 6 percent, the IFPI said. Singles and cassettes were hardest hit, dropping 16 percent and 36 percent respectively.
The London-based group said sales are expected to slump by a further five percent this year even as the industry intensifies its fight against privacy, and continues to cut costs and diversify its products.
Full text of article.
Global music sales spin lower
Wednesday, April 9, 2003 Posted: 7:36 AM EDT (1136 GMT)
LONDON, England -- Sales of recorded music slumped worldwide last year due to Internet piracy, increased competition from other entertainment sectors and a decline in consumer spending, an industry group said Wednesday.
Despite a string of hits from the likes of Eminem, Norah Jones and Shakira, the International Federation of the Phonographic Industry (IFPI) said global revenue fell 7 percent to $32.2 billion in 2002.
The sale of CD albums -- which accounts for 89 percent of the market -- slipped 6 percent, the IFPI said. Singles and cassettes were hardest hit, dropping 16 percent and 36 percent respectively.
The London-based group said sales are expected to slump by a further five percent this year even as the industry intensifies its fight against privacy, and continues to cut costs and diversify its products.
Full text of article.
![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
no subject
It's all the B-list artists who are getting the axe.
Re: