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ExtraTorrent.cc > Articles > IFPI Reveals the Music Sales Decline : 7% in 2009

IFPI Reveals the Music Sales Decline : 7% in 2009

IFPI Reveals the Music Sales Decline : 7% in 2009

Added: Thursday, May 6th, 2010
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
The International Federation of the Phonographic Industry (IFPI), revealed the results of economic research titled “Recording Industry in Numbers 2010”that shows the current situation in music business sphere. The ‘numbers’ are not cheerful, last year music sales were decreased by 7.2%, all-in-all they brought $17 billion USD. As opposite to physical sales, the demand for digital music grew up for 9.2%, bringing the profit of $4.3 billion USD. 2009 digital sales more than ten times bigger compared with 2004.

IFPI’s CEO John Kennedy admits that besides disappointing tendency in physical music sales, there were several positive moments revealed in the survey. “The music sales growth in 2009 was found in thirteen countries like the UK, Sweden, Australia. In some of these markets the digitals sales has significantly grown that opens new facilities for developing the online music trade. Digital music is a great perspective for online and mobile services. Sweden and South Korea have proved that appropriate legal digital environment can enable profitable music sales online”.

The biggest difference in physical and digital music sales were registered in the US and Japanese markets. In the United States sales of digital music are nearly a half (43%) of the total sales. This means that consumers move to digital media content buying it online via various services like Apple iTunes, that allows to pick up the track you like and buy it for about 20 times cheaper than an average music disk (99 cents against $19.99).

The IFPI sees the source of a problem with physical media sales in piracy along the Internet. But the reason is much deeper than illegal file-sharing. While the UK’s music industry shows the progress by 1.4% sales growth, the situation on other markets is less optimistic. British moved to online music stores only because of enough promotion and development in this segment that has compensated physical sales decline. But Kennedy associates the success with progressive legislative rules against piracy that were established there.

The only way to recover for music industry is to revise the sources of the income and create new business model oriented at modern tendencies in behalf of digital content. Blaming piracy is not the remedy for media industry. Ignoring the global shift to digital music is like a refuse to see the obvious solution.

May 6th, 2010

Posted by: 

Date:  Thursday, May 6th, 2010

Comments (2) (please add your comment »)

posted by (2010-05-07 00:05:01)
katep avatarif they keep this up we can put them up there with the dodo that thing was asking to be made extinct

posted by Blocked (2010-05-07 23:02:34)
phoenixcrash avatarI'm sorry, WTF were we talkin' about?:)

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