Online Music Blamed For Falling Sales
The music industry has blamed free online music and the US economic slowdown for a fall in sales. In the US, the world’s largest market, singles and cassette sales fell by 38% and 46%, which the record companies blamed on free download services applied by Napstar, MP3.com and other online music services. We also saw the first evidence of the impact of free online music, as well as damage done by unauthorised CD-R copying in some major markets. IFPI report Sales in the global market, worth $36.9bn ( £25.8bn) last year with 3.5bn recordings sold, fell by 1.2% when compared… Read more »