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

Best Black Friday 2014 tech deals: Get bargains on smartphones, tablets, laptops and more

IDG UK Sites

What the Internet of Things will look like in 2015: homes will get smarter, people might get fitter

IDG UK Sites

See how Trunk's animated ad helped Ade Edmondson plug The Car Buying Service

IDG UK Sites

Yosemite tips: Complete Guide to OS X Yosemite