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2003 may have been a challenging year but there are also positives to come out of it, which should encourage labels and retailers to work together to approach the new year with enthusiasm and confidence.
The multi-platinum sales of established artists such as Dido and the huge breakthrough success of acts like The Darkness and Jamie Cullum was indisputable evidence that when quality, albums or great debut releases are offered to record buyers they will buy from their local stores.
The BPI deliveries for much of 2003 were further proof of this and Christmas showed even sales of singles can pick up when there is the right product, promoted in the right way.
Online music access and downloading will continue to be the focus of debate in 2004, particularly once Apple's iTunes Store and rival services are launched in Europe. The internet and its related technology is changing the way some people, including a new generation of music consumers, are choosing to access music.
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