April 07, 2004
Global Music Sales Plummet
Global music sales fell 7.6 percent in 2003 to $32 billion, the steepest decline since the advent of the compact disc, the trade body representing the world's largest music companies said on Wednesday.Posted by Timothy Fredel at April 7, 2004 09:45 PM | TrackBackThe International Federation of the Phonographic Industry blamed the slump in retail music sales -- now in its fourth consecutive year -- on rampant piracy, poor economic conditions and competition from video games and DVDs.
Related Categories: Industry - Entertainment - Music | Quadrant - Technological | Theme - 'Digital Impact'
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