The music industry | From major to minor | The Economist - 0 views
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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.
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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.
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“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,”