Music Products Sales Up
Tough times may have hit the record business, but sellers of musical instruments and products are humming. “It looks like we got back to the high water mark of $7 billion in annual U.S. sales in 2002, and I’m very bullish about the next 10 years,” said Joe Lamond, president and chief executive officer of International Music Products Association, representing nearly 8,000 retailers and makers of musical instruments and products in 85 countries. The estimated 2002 U.S. level would represent an uptick from $6.7 billion in 2001, which had fallen from the industry’s record $7 billion in 2000. The latest… Read more »
