That’s a steep drop, but still better than first-half 2003 estimates, which had sales down 11%. Continuing piracy, sluggish economies and competition for the consumer dollar from the video game and DVD sectors were all cited as reasons for the decline.
IFPI Chairman Jay Berman said he expects full-year music sales in 2004 to drop by another 4%.
While the U.S., Britain and Australia—the #1, #3 and #7 music markets, respectively—each showed signs of recovery in the second half, Europe and Japan continued to slump, according to the report.
One area of growth throughout the world, the IFPI says, is the music DVD market, which grew by over 60% in 2003 and now is responsible for nearly 6% percent of recorded music sales.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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