Online Sales of Recorded Music Down in 2002-Survey
The embattled record industry got more bad news on Sunday as a study showed online sales of music dropped 25 percent in the first nine months of 2002. The survey by research firm ComScore Networks Inc, which monitored more than 1.5 million Web users, showed online sales of music – in the form of physical singles, albums, CDs and tapes – fell to $545 million from $730 million in the same period a year earlier. Sales of digital downloads were also included in the survey but accounted for a tiny portion of the total, ComScore said. As the music industry… Read more »