Mobile Financial Headlines

More blues for the record industry: Sales to plummet

posted 836 weeks ago on BloggingStocks

Filed under: Earnings reports, Forecasts, Bad newsA new report indicates that worldwide music sales will drop some $5 billion by 2011. The 18-page discussion of music sales also indicates that the drop from $31.8 billion last year to $26.2 billion four years from now will also play out in U.S. sales, with a $2 billion drop occurring. The loss is attributable to "plummeting CD sales" and "faster-than-expected declines in sales of physical recordings in key markets." In reality though, such a loss should not be unexpected. Digital sales are simply less expensive than physical sales and as a result of other high commodities more accessible. Digital growth has taken off this year, following EMI's drop in use of Digital Rights Management technology, which prohibits the pirac

Related Headlines


Search: