AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Digital sales help slow UK music market decline.
A 45% increase in digital sales has helped slow the decline in the UK music market to just 4% in the first half of the year.
New interim trade delivery figures from the IFPI show that of the top five music territories, the UK was the best performer digitally with sales worth $115.8m (#74.52m) already - they stood at $169.5m [#109.02m] at the end of 2007.
Thus, although physical sales slumped 10% - the UK and US markets combined accounted for a 60% loss of physical sales globally - in the same period, the digital growth prevented a total collapse.
Digital sales now account for 16% of the market in the UK, slightly lower than the 20% global average.
IFPI director of market research Gabriela Lopes explains that the UK has performed better than the overall global market, which saw a 12% decline in physical sales in the first half. This equates with the 12% fall over the whole of 2007, indicating the decline in physical sales is pretty stable. "The first half of the year is a pretty good indicator of what will happen over the whole year," she says.
Combined with the 25% increase in digital sales ...
- Berg Insight says digital music sales will overtake physical sales by 2011.
- Press release article from: M2 Presswire May 3, 2007 700+ words
...digital music sales will overtake physical sales in Western Europeby 2011. This year the report estimates that digital sales are going to account for 10 percent...expected to offset the decline in physical sales and push the European music market...
- Korean music mogul sets up shop in NYC; Creates "Gateway to Asia'' to develop...
- Magazine article from: Crain's New York Business June 11, 2007 700+ words
...billion. And it gives JYP built-in distribution for its music. South Korea is the only market where digital sales have overtaken physical sales. "These guys are on to something,'' says Paul Verna, a senior analyst at research firm eMarketer...
- EMI accepts private-equity offer.
- Magazine article from: Investors Chronicle - magazine and web content May 23, 2007 700+ words
...reflected difficulties faced by the music industry due to piracy and the fact that rises in digital sales are not offsetting falls in physical sales. Furthermore, as Lorna Tilbian of broker Numis Securities, points out, EMI has suffered...
- Labels prep for digital push.(Brief Article)
- Magazine article from: Broadcasting & Cable Tedesco, Richard February 21, 2000 700+ words
...We fully intend to support them as we combine physical sales with digital sales." That's because online music sales will...billion retail music business. He foresees digital sales growing to $760 million in 2004, as the overall...
- MyBand.co.in launches digital store for local bands to sell music online.
- News wire article from: Asian News International August 25, 2009 700+ words
...MyBand Digital store also comes at a time when all reports and studies indicate that online digital sales of music is poised to surpass physical sales. Current analysis by IMI and Soundbuzz projects that the music industry will grow to Rs 4...
- EMI on song at [pounds sterling]159m but soft-pedals over bid; CITY BRIEFING.
- Newspaper article from: The Evening Standard (London, England) May 23, 2006 700+ words
...digital revenues were becoming a significant source of income for the industry. "At EMI, digital sales are more than compensating for lower physical sales of CDs," he said. Across the industry there are now two million tracks and 165,000...
- Mobile's music to their ears; 2 predictions: Handset becomes primary portable...
- Magazine article from: RCR Wireless News May 14, 2007 700+ words
...sales will overtake physical music sales in Western Europe by 2011. "Rapidly increasing digital sales are expected to offset the decline in physical sales and push the European music market back into growth from 2008,'' the report concluded...
- Lady Antebellum Debuts with Record-Breaking Digital Sales.
- Press release article from: Business Wire April 25, 2008 700+ words
...generated unprecedented first week digital sales and critical acclaim following...10 with a debut album. With digital sales comprising more than 21 percent...this is also the highest digital sales percentage ever achieved by...
