Don’t blame file sharing alone for declining CD sales, analyst group warns record companies.

Boring music, not file swapping alone, is causing falling sales of music CDs, according to research from NPD Group.
The analyst group warned record companies that unless they address this factor they will not reverse market decline.

The music industry has been waging a long-running series of legal battles against peer-to-peer sites, which it blames for the slump in music CD sales.

Last year, sales in the US fell by 13 per cent, and were down another nine per cent in the first quarter of 2003.

The year-long study from NPD into the buying habits of internet users showed that, even though 60 per cent of music buyers had never downloaded free music, CD sales for this group had still declined by seven per cent. vnunet.com

Posted Tuesday, June 17th, 2003 at 8:36 pm
Filed Under Category: Music Business
Both comments and pings are currently closed.

0

Comments are closed.