"Music sales have slumped to an 18-year low – despite booming demand for downloads.
Industry body the BPI said record label revenue dropped by 3.4% to £795million last year – the lowest since 1993 and sharply down on the £1.2billion made in 2003.
Physical music, such as CDs, accounted for £514m of income, a decline of 14%. CD single sales plunged 33% to just £3.3m.
Digital music – downloads, subscription sites like Spotify and via mobile – jumped a quarter to £282m.
Grammy winner Adele had the best-selling digital album in 2011, followed by Bruno Mars and Rihanna."
ALEXANDER LANGUAGE SCHOOLS
Industry body the BPI said record label revenue dropped by 3.4% to £795million last year – the lowest since 1993 and sharply down on the £1.2billion made in 2003.
Physical music, such as CDs, accounted for £514m of income, a decline of 14%. CD single sales plunged 33% to just £3.3m.
Digital music – downloads, subscription sites like Spotify and via mobile – jumped a quarter to £282m.
Grammy winner Adele had the best-selling digital album in 2011, followed by Bruno Mars and Rihanna."
No comments:
Post a Comment