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Demand for music strong, EMI chief tells conference. (News).
EMI strategy chief John Rose told bankers and analysts that demand for music is as strong as ever, despite doom-mongers' predictions for the future of the industry.
Giving the opening speech at the JP Morgan Music Conference The Heat Is On last Wednesday, the EMI Group executive vice president outlined figures showing that music consumption is on the rise. "The number of tracks consumed has pretty much doubled," he said; some 9.3bn tracks per month were consumed in 2001 in the US, compared with 5.9bn per month in 1996.
The rise in the number of tracks consumed via legitimate CDs--despite some years of flat and declining sales--has been driven by the increasing number of tracks per CD, he added. He believed the key for the business is ensuring that the industry develops initiatives to generate revenue for such music consumption.
Rose added that music is still pivotal to a broad set of industries, with recorded music ...