HOME ENTERTAINMENT TOUCHES RIGHT CHORD FOR MUSIC COS (the growth in home entertainment industry has to some extent compensated the losses of the music industry).

(From India Business Insight)

The music industry in India has shrunk from Rs1,200 crore in 2000 to Rs600 crore in 2005.

This decline in the industry is attributed to changing preferences of music lovers.

However, music companies are witnessing growth in the home entertainment segment, retailing both pure music and home entertainment products. The music industry has seen a transition from audio cassettes to compact discs (CD). However, people are not interested in listening to the entire CD but want to listen to a particular song. With increasing penetration of CD players and personal computers (PCs) there is now a huge population capable of using …