CD Sales Continue Downward Spiral
Music Industry News - as it happens
Source: Mi2N - August 27, 2002
With the avalanche of studies from Forrester, Yankee & Gartner reinforcing the thesis that music downloading increases music purchasing, the RIAA has released findings from two studies to advance its own position. According to PricewaterhouseCoopers, CD shipments dropped 7 percent in the first six months of 2002, a worrying increase from last year's annual drop of 5.3%. It also found that counterfeit CD seizures increased 69.9%.
The RIAA also released results from a survey of 860 online music consumers aged 12 to 54 conducted by Peter D. Hart Research Associates. According to the survey, "fully 41 percent reported purchasing less music now than six months ago, compared to only 19 percent who said they were purchasing more music. Even for those who are downloading the same amount, nearly two-to-one are purchasing less music in the past six months -- 25 percent purchased less, 13 percent more and 62 percent purchased the same amount of music. And, for those who are downloading less, 22 percent said they purchased less in the last six months, 23 percent said they purchased more and 55 percent said they purchased the same amount."
Cary Sherman, President of the RIAA said, "Cumulatively, this data should dispel any notion that illegal file sharing helps the music industry. In fact, there are numerous red flags and warning bells that illustrate conclusively the harmful impact of illegal downloading on today's music industry,"
There is little question that counterfeit CDs present a clear danger for the music industry as each purchase of one displaces a legitimately purchased CD. Anyone walking the streets of any major metropolis is aware of their propagation and lack of any real enforcement. That's why the increase in seizure is the silver lining in the dark cloud that is music sales. But to link the drop in CD shipments to an increase in seizure is not only a stretch, but irrelevant. As are the innumerable surveys that will support nearly anyone's view on the question. One fact is clear, online music distribution via a plethora of channels is a reality being established by consumers, computer/multimedia companies & the consumer electronics sector. While we may not agree on the source of today's sagging music sales, we should at least agree that understanding how to harness the dynamics of what we called years ago the music revolution is the solution.
Related News from Mi2N:
» RIAA Releases Mid-Year Snapshot Of Music Industry
» VNUE Inc. To Acquire Music Rights Startup Soundstr
» Viberate & Imogen Heap Strive To Give Equal Opportunity To Every Artist
» Mixcloud Taps Gracenote for Advanced Music Recognition
» Copyright Royalty Board Increases Sirius XM Royalty Rate
» Live Entertainment Specialists Headliner Launch Premium Artist Booking Service
News Beat Directory
» [2018-02-01] Insomniac Announces Inaugural Electric Daisy Carnival China Set To Debut In Shanghai; China Marks EDC's Second Location On The Asian Continent
» [2018-01-22] Italian Independent Music Collective Fil1993 Group Signs With MusicDish*China; MusicDish*China Will Be Developing Their Online Presence And Social Media In China As Well As Releasing Their Catalogue To Chinese Streaming Music Services
» [2017-12-25] MusicDish*China Presents 'Savage Guitarist' Todd Clouser In Beijing; As Part Of His #YouTheBrave Asia Tour That Includes 8 Shows Across Japan, Todd Will Be Giving Solo Shows At Laifu Livehouse On 12/27 And Temple Bar On 12/28
» [2017-12-20] Mixcloud Taps Gracenote For Advanced Music Recognition; Next-generation Audio Fingerprinting Helps Mixcloud Identify And Catalog Copyrighted Music Within User-generated Content
» [2017-12-18] Copyright Royalty Board Increases Sirius XM Royalty Rate; Judges Announce Royalty Rates And Terms For Satellite Audio Radio Services (SDARS) And Preexisting Subscription Services
» [2017-12-06] Lithuanian Band Grabs Bronze At The Silk Road Indie Music Festival 2017; Antikvariniai Kašpirovskio Dantys Competed With Bands From Belgium, Sweden, Armenia, Germany, Japan, South Africa, India, Norway, Poland, Italy And The UK As Well As China
» [2017-12-06] Live Entertainment Specialists Headliner Launch Premium Artist Booking Service; A Fully-managed Service That Simplifies The Process Of Booking Renowned Artists And Performers For Occasional Event Planners, Agencies And Brands
» [2017-11-27] Voice-Controlled Speakers & The Music We Listen Too; Music Is A Major Part Of The Way Amazon Echo And Google Home Owners Interact With Their Devices
» [2017-11-21] Nordic & British Musicians' Unions' Joint Statement On Sexism In The Music Industry; Discussions On The Issue Of Gender Inequality, Sexism And Sexual Harassment, The Scale Of Which Had Been Highlighted By The Recent #metoo Campaign
» [2017-11-13] Women Make An Impact On The 2018 MPG Awards Shortlist; Nearly A Quarter Of Those Named This Year Are Female, Proving That Music Production Is No Longer A Bastion For The Boys
» [2017-11-13] The Nashville Musicians Sound Healthcare Plan Rolls Out; Sound Healthcare & Financial Announced The Formation Of A True Group Health Insurance Policy Plan For Musicians And Industry Professionals
» [2017-11-09] Streaming & Listening Diversity - Spotify Case Study; Will Artists Have An Easier Time Finding An Audience, Or Will Streaming Focus Global Attention On A Small Number Of Stars?
follow MusicDish on