NEW MUSIC DROPS, LITERALLY!
It's no secret that the music industry continues to struggle in the midst of the age of the internet and continued piracy and sharing. But here's an article from The Guardian that breaks down the significance of the numbers. According to the piece, global music sales fell $1.5 billion within 2010, while digital sales accounted for 29% of all music sales–an outlet that is slowly decreasing by half every year. Overall US sales were down by 10% with physical sales down by 20%. Important markets in Europe like Germany, France and The Netherlands did see an increase in digital sales, but still suffer at the mercy of online piracy, as is the case with the industry as a whole. Experts argue that, “The demand for new music seems as insatiable and diverse as ever, and record companies continue to meet it,” however, "They are operating at only a fraction of their potential because of a difficult environment dominated by piracy.” This is one tough ballgame!
[via The Guardian]