07 Apr UK Music Biz Tumbles
Posted at 07:47h in Uncategorized
A dramatic collapse of CD sales and online piracy dragged global recorded music sales down by $1.5bn (£940m) last year – more than the total annual revenue of the UK music industry. Income from recorded music slumped 8.4 per cent to $15.9bn. CD sales dragged the total down with a drop of 14 per cent to $10.4bn, with little sign that digital sales are ready to take up the slack.