In 2001, 42.3 million Latin music CDs were shipped, compared to 38.8 million CDs shipped in 2000. In dollar value, CDs shipped last year were worth $582.7, versus $515.6 million for 2000—a 13% increase.
That’s the good news. Factor in all formats—including cassettes, DVDs and videocassettes—and the numbers are a little less splashy: Overall shipments of Latin music in all formats actually decreased by about 1% in 2001 (to 48.7 million units from 49.3 million in 2000), thanks to double-digit drops in cassette and video shipments. The RIAA says these declines are due in part to continued physical piracy in the marketplace.
"Latin music is still a growing market, and 2001 sales, while not as strong as previous years, still were very positive compared to the rest of the music industry," said RIAA chief Hilary Rosen in a statement.
"Although the Latin music market is vibrant, it’s not immune to the forces of piracy harming the music industry today, particularly with physical CDs. Over 24 percent of the illegal product we seized in 2001 was from the Latin music genre."
Que Lastima, or Ay Caramba? You decide.
THE COUNT: COLDPLAY IS HOT, COUNTRY'S COOKIN' IN THE U.K.
The latest tidbits from the bustling live sector (3/28a)
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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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