Member Since: 3/7/2011
Posts: 2,187
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USA digital revenue to overtake physical sometimes in 2011
http://www.guardian.co.uk/business/2...sic-sales-fall
Quote:
Global recorded music sales fell by almost $1.5bn (£930m) last year as digital piracy continued to take its toll on the industry, with the UK losing its mantle as the third-largest music market after "physical" sales of CDs collapsed by almost a fifth.
Global recorded music revenues fell 8.4% last year, about $1.45bn, to $15.9bn according to the annual Recording Industry in Numbers report by international music industry body the IFPI.
Overall physical sales, the term used in the industry for sales of products such as CDs, fell by 14.2% year on year to $10.4bn.
Digital revenues grew by 5.3% year on year to $4.6bn to account for 29% of all recorded music revenues.
Overall UK sales were $1.38bn, down some $170m or 11% year on year, thanks to a 19.2% fall in physical sales to $920m. Sales through digital channels boomed by 19.6% to $347m.
In the US overall sales fell by 10% with physical sales down 20% to just over $2bn and digital sales stagnating with 1.2% growth to $2bn.
Of the major markets ranking in the top 20 by size, just three saw year-on-year sales increases with Korea up 11.7%, India up 16.5% and Mexico up 0.9%.
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http://www.musicweek.com/story.asp?s...de=1044727&c=1
Quote:
- US digital sales accounted for nearly 50% of the market and grew 1.2% in 2010, with strong growth in online sales and digital albums.
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