The market did witness an increase in dollar value for full-length compact discs. However, that 3.1% gain was more than offset by the decline in the singles sector, resulting in a 7% overall drop in unit shipments—dropping the dollar value of those units from $14.6 billion in 1999 to $14.3 billion last year.
Still, RIAA head Hilary Rosen remains upbeat. "There's no question those numbers are disappointing, but the future looks bright for the industry and consumers alike," she said. "I believe a road has been paved to enable legitimate online music market to take hold and flourish. The appetite for music remains high, and our member companies are poised to meet new demand."
Meanwhile, as usual, cassette shipments and revenue continued to plummet in 2000, along with music video shipments—although DVD video shipments grew—while direct and special markets (mail order, record clubs, non-music retail outlets, and Internet sales) showed a significant growth of 5.5%.
THE COUNT: ALL THE DESERT'S A STAGE
The dust settles on the Indio Polo Grounds. (4/22a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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