1st-quarter U.S. Music Sales Up 9 Percent
April 13, 2004 07:24 AM EDT WHITE PLAINS, N.Y., Apr 12, 2004 (United Press International via COMTEX) -- U.S. music sales were up 9.1 percent in first-quarter 2004 compared to year-ago figures despite online piracy, KMFB.com reports.
A Nielsen Soundscan study showed album sales up 9.2 percent. Compact Disc sales, which make up 96 percent of album sales, went up 10.6 percent.
The music industry blames file-sharing for albums sales that have declined every year since 2000, and have resulted in thousands of layoffs. Sales fell 3 percent in 2001, 11 percent in 2002, and 4 percent in 2003.
In 2001, sales were down 3 percent. The next year, sales dropped 11 percent. Last year, until September, sales were down 8.5 percent, but the pickup in sales at the end of the year narrowed the total decline for 2003 to less than 4 percent.
After seeing this I cannot agree with the RIAA at all on the woes it claims the music industry is having.
April 13, 2004 07:24 AM EDT WHITE PLAINS, N.Y., Apr 12, 2004 (United Press International via COMTEX) -- U.S. music sales were up 9.1 percent in first-quarter 2004 compared to year-ago figures despite online piracy, KMFB.com reports.
A Nielsen Soundscan study showed album sales up 9.2 percent. Compact Disc sales, which make up 96 percent of album sales, went up 10.6 percent.
The music industry blames file-sharing for albums sales that have declined every year since 2000, and have resulted in thousands of layoffs. Sales fell 3 percent in 2001, 11 percent in 2002, and 4 percent in 2003.
In 2001, sales were down 3 percent. The next year, sales dropped 11 percent. Last year, until September, sales were down 8.5 percent, but the pickup in sales at the end of the year narrowed the total decline for 2003 to less than 4 percent.
After seeing this I cannot agree with the RIAA at all on the woes it claims the music industry is having.