Quantcast

IFPI: MUSIC SALES DOWN FOR 2003, SURPRISING NO ONE

Worldwide Sales Down 7.6% for Full Year
The International Federation of the Phonographic Industry (IFPI), the RIAA’s international counterpart, released its report on global music sales for 2003 today, saying the worldwide music market slipped 7.6% in 2003, to $32 billion. In unit terms, sales volume was off 6.5% to 2.7 billion units.

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.
SHINE ON, HARVEST HITS LIST
An equinox to remember (9/24a)
CARLESS TO DRIVE WARNER A&R
Steve-O takes the wheel. (9/24a)
GRAMMY CHEW: AOTY WILD CARDS
Going deep like Tom Brady (9/24a)
NEAR TRUTHS:
THE LUCIAN DECADE
A history lesson from I.B. Bad (9/23a)
SIR LUCIAN TURNS IT UP
As UMG goes solo, Grainge discusses leading the band. (9/20a)
HITS' 35TH ANNIVERSARY
A chronicle of the inexplicable.
GRAMMY: ALBUM OF THE YEAR
We make yet more predictions, which you are free to ignore.
2022 TOURS
May we all be vaxxed by then.
ROCK'S NEW CHAPTER
Power pop, global glam and the return of the loud.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)