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Dsounds
Your daily source of news for the digital music revolution.
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Dsounds
Your daily source of news for the digital music revolution.
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The International Federation of the Phonographic Industry (IFPI) declared yesterday that music sales are still declining.
Based off of a comparison of the same units of recorded music in both audio and video formats sales have fallen 7.6 percent with a worth of $34 billion on 2.7 billion units sold.
The global market share now sits at approximately:
BMG 11.9%
EMI 13.4 %
Sony 13.2%
Universal 23.5%
Warner 12.7%
Independent labels 25.3%
The IFPI reports a total of 16.3 decline since 1999 and blames this on CD burning and illegal downloading, competing entertainment formats and economic uncertainty. There are early signs of turnaround, however, in early 2004.
For the full story:
Macworld UK - Music sales continue decline
Music sales down? I'd like to know just how they think they'd know such a thing. Fact is, they don't. The BEST they can say is that major label (RIAA-member labels) are down, plus all reporting indy labels.
Emphasis on "all reporting indy labels", as clearly not everyone reports sales to the IFPI. I certainly didn;t when I co-owned a small label.
So, who else doesn't? How 'bout all those indy artists with DIY set-ups? The IFPI needs to get with the CD manufacturing houses to get an idea what sort of volume they're doing to even begin to have a grip on music sales.
The issue REALLY is that the music industry has become increasingly de-centralized. That's a good thing for artists AND fans, but gives lots of artillary to RIAA & others, who assume consumers will give very little thought to the issue and instead just believe what they're told.
All hail Dsounds & Tinfoil for being a thorn in the side of the liars.
Posted by: David M. McLean at September 17, 2004 03:30 PM
Suuuure, this just after BMI reported double digit growth.
Of course, the RIAA wouldn't say that.
Posted by: Tinfoil at September 22, 2004 07:58 AM