We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Music sales continue decline

Guess who's to blame?

Global music sales continue to decline, declared industry trade body, the International Federation of the Phonographic Industry (IFPI), on Monday.

It says sales of recorded music in both audio and video formats fell 7.6 percent in units in comparison with 2002. It's now worth $32bn on 2.7bn unit sales.

The global market shares for 2003 are: BMG,11.9 percent, EMI, 13.4 percent, Sony, 13.2 percent, Universal, 23.5 percent, Warner, 12.7 percent and independents, 25.3 percent.

The IFPI reports music sales to have declined 16.3 percent since 1999, attributing this to CD burning and illegal downloading, competing entertainment formats and economic uncertainty. It said all three issues "began to show early signs of a turnaround in early 2004".


IDG UK Sites

LG G4 Note UK release date and specification rumours: Samsung Galaxy Note 5 killer could be the LG 3......

IDG UK Sites

In defence of BlackBerrys

IDG UK Sites

Why we should reserve judgement on Apple ditching Helvetica in OS X/iOS for the Apple Watch's San...

IDG UK Sites

Retina 3.3GHz iMac 27in preview: Apple cuts £400 of price of Retina iMac with new model