BPI Blamed BitTorrent for Music Sales DeclineAdded: Thursday, January 13th, 2011
Category: Bit Torrent Freedom > The Industries Of Records, Gaming, Software, Movies
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2010, www.extrattorrent.com
Despite the fact that BPI (British Phonographic Industry) has repeatedly claimed an increase in total entertainment industry sales over the last few years, it still says that an increase in digital sales isn’t making up for lost physical sales. This is considering that consumers are no longer forced to buy a whole $20 album, but only the tracks they like for 99 cents apiece.
The BPI still complains, just as the RIAA, about unauthorized downloading, which is solely blamed for the drop in CD sales. Meanwhile, just a week ago the statistics were revealed indicating that digital music currently accounts for over 45% of all music purchases in the United States, compared to 32% in 2008. Even the RIAA admitted that the marketplace is “rapidly changing.”
The British Phonographic Industry repeats the same song as the RIAA – although digital sales go up, physical sales still go down. As a result, the difference between them in favor of the latter is thanks to increasing levels of unauthorized downloading.
BPI claims that the market is still “heavily distorted” by unauthorized file-sharing. It also suggests that “meaningful action to address unauthorized downloading is absolutely critical if they are to stabilize national music sales.
Actually, it seems to be an odd statement to make keeping in mind August 2010, when it claimed total music industry revenues were up 2.3% from the previous year. At the time BPI CEO, Geoff Taylor, said that the country’s record companies have responded to tough market conditions by innovating and developing new revenue streams from music. Well, if that was true, then it’s unclear why the BPI is now unable to “stabilize” music sales.
The problem seems to be the BPI’s delusion that digital sales should exceed physical sales, which in reality will never happen.
Previously, most consumers had the only choice of either buying the entire album or none, as it was impossible to pick single tracks. iTunes changed all that a while ago, enabling music fans to fork over mere 99 cents for their favorite track, down from the $20 they earlier had to pay.
A survey carried out in the United Kingdom last year revealed that streaming music has caused a great part of young adults to quit unauthorized downloading altogether. All this proves that instead of blaming BitTorrent for the decline in music revenues the BPI should better come to terms with a “rapidly changing marketplace.”
January 13th ,2011Posted by:
Thursday, January 13th, 2011
|The days of scamming customers into buying a shit album on the strength of 1 or 2 decent records is over BPI, TBH in most album sales years ago YOU should've been sued for misleading the buying public, selling a whole album of shit, bar 1 or 2 records on that album.|
|If these brain dead individuals are claiming what this article states; what a oxymoron.|
CD sales down OMG; NOT. Yet digital sales are through the roof.
Think of all the wasted resources expended to master;produce;manufacture, blah blah cd's when all you do is download from buying a "track" the middlemen RIAA are SOL...
|Wow! How thick are the BPI to even suggest that the drop in sales is down to piracy! In the UK it has been proven that people are more inclined to buy a record once theyve downloaded it so they have a hard (original) copy!|
I just wonder whether someone should inform the BPI millionairres that were deep in a recession with millions unemployed. People are been tighter with money and most businesses are suffering! Dont hear MacDonald's complaining about the home made burgers craze that is striking kitchens all over the UK....well not yet anyway lol
|ONE poor music|
TWO - STUPIDLY high cost of pre-recorded CDs and DVDs
THREE - credit squeezed to the point of having NO MONEY AVAILABLE to spend ....
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