Lately the Music industry has been suffering in
sales due to peer-to-peer file sharing (illegal downloading), leaking albums,
and many other factors. With technology steadily increasing and people finding
more ways to leak music or get music for free the music industries sales were
dropping drastically. According to money.cnn.com in
1999 the sales at the end of the year were around $14.6 billion now fast
forward to 2009 they dropped to $6.3 billion. It also has been reported from
the RIAA that from 2004
through 2009 roughly 30 billions songs were illegally downloaded, and only 37
percent of music was paid for. Now even though sales are not doing as well as
the did years ago there was a little sign of hope. Since 2004 the overall music
sales increased Nielsen SoundScan annual
report stated that album sales ended up 1.4% to 330.57 million units from
326.15 million in 2010. Personally I think that the music industry needs to do
away with the form of Cd's. Now everyone has gone digital. Most of the time
people only like a few songs off the CD and only want to buy that certain
song. Now the digital sales of single songs are going up even more by 8.5%
to a record 1.27 billion, which is up from 1.17 billion last year. Even though
it would be hard the music industry needs to find a way to crack down on how
the artist albums are getting leaked. There was a big change on YouTube
last year with copyright infringement. Now if you try to upload a song that you
don’t have the rights to it gets taken off to avoid copyright infringement. I
feel that there are still true die hard fans out there that will support and
buy their favorite artists music. With all the new talent coming into the
industry and that little jump of improvement I will be excited to see what the
sales be at the start of next year.
Is the Music Business getting on it's feet again
Posted by Asia at 4:58 PMWednesday, January 4, 2012
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