Australian Record Sales - 2004 Half Year Figures
The first 6 months' sales has seen an outstanding performance by local repertoire and music DVDs. The recorded music sales figures for the six months to June 30, 2004, show a decline in the overall Australian market when compared to the six month period ending June 30, 2003.
The overall market value is down 8.7%, with DVD growth unable to compensate for the 10.4% value decline on albums and the 8.4% value decline on singles. In previous years, DVD growth has compensated for any weakening in the audio market.
On a positive note, sales of first release titles (as indicated by ARIAnet Top 100 Album sales) were up 14% in the first half. The decline in the overall audio album market can be attributed therefore to a slower moving back catalogue, largely a result of the growing DVD format and retail space being allocated to both music and movie DVDs.
The market however, has been buoyed somewhat by impressive results this year by Australian repertoire. Following the enormous success of this month's ARIA No.1 Chart Awards, it is no surprise that local acts continue to perform strongly on the charts. Local repertoire has grown from 18% to 27% of wholesale sales value (when compared to the same 6 month period last year), which is also in excess of the 26% share reported for the full year to December 2003.
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