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Jilliane Velazco

The music industry | From major to minor | The Economist - 0 views

www.economist.com/...displaystory.cfm

economist music industry

shared by Jilliane Velazco on 03 Dec 08 - Cached
  • the results from 2007 confirm what EMI's focus group showed: that the record industry's main product, the CD, which in 2006 accounted for over 80% of total global sales, is rapidly fading away.
  • the volume of physical albums sold dropped by 19% in 2007
  • For the first half of 2007, sales of music on CD and other physical formats fell by 6% in Britain, by 9% in Japan, France and Spain, by 12% in Italy, 14% in Australia and 21% in Canada.
  • ...3 more annotations...
  • “In 2007 it became clear that the recorded-music industry is contracting and that it will be a very different beast from what it was in the 20th century,”
  • Warner Music's share price has fallen to $4.75, 72% lower than its IPO price in 2005
  • They now want to move beyond Apple's iTunes and its paid-for downloads.
  • Jilliane Velazco on 03 Dec 08
     
    info about music industries; record labels; cd sales and how they have gone down
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