Global CD sales have slumped!! Record industry in state of despairrrr.....!!!
Well maybe not, but global CD sales have fallen more than had been expected, according to an industry reports.
The International Federation of the Phonographic Industry (IFPI) said sales in 2006 dropped to 1.7bn, compared with 1.9bn in 2005.
On a happy note, digital music sales doubled last year, but overall music sales have still sadly sunk. IFPI chairman John Kennedy told BBC News: "While digital sales have grown as expected, physical sales have fallen by more than expected.
"Unfortunately this trend has continued in 2007. Physical sales continues top drop at a faster pace than we hoped for, particularly in the US and now also in the UK." However, Kennedy predicted that digital sales could grow by a further 50 per-cent this year.
Illegal downloads are not included in the figures but it is thought that there are 20 illegal downloads for every one legal download worldwide. Kennedy insisted that, and we're sure our readers will agree, "music is more popular than ever" but claims the recording industry is suffering from the much publicised piracy issues including CD copying. Kennedy is calling on the government and internet service providers to help curb the spread of piracy.
So basically, piracy = evil. Or does it? Discuss.
The International Federation of the Phonographic Industry (IFPI) said sales in 2006 dropped to 1.7bn, compared with 1.9bn in 2005.
On a happy note, digital music sales doubled last year, but overall music sales have still sadly sunk. IFPI chairman John Kennedy told BBC News: "While digital sales have grown as expected, physical sales have fallen by more than expected.
"Unfortunately this trend has continued in 2007. Physical sales continues top drop at a faster pace than we hoped for, particularly in the US and now also in the UK." However, Kennedy predicted that digital sales could grow by a further 50 per-cent this year.
Illegal downloads are not included in the figures but it is thought that there are 20 illegal downloads for every one legal download worldwide. Kennedy insisted that, and we're sure our readers will agree, "music is more popular than ever" but claims the recording industry is suffering from the much publicised piracy issues including CD copying. Kennedy is calling on the government and internet service providers to help curb the spread of piracy.
So basically, piracy = evil. Or does it? Discuss.
Is piracy evil? You can listen to the songs for free on radio and them hum the tunes to your friends...is that breach of copyright? My old collection of tapes and vinyl is now useless junk, am I supposed to buy it all again on CD..why should the artist and record company charge over a tenner each time the format changes?
Music is too expensive, and thats down to the greed of the record companies. Slash the prices, and watch the sales volume pick up.
Posted by
Baiterblog |
7:36 AM