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Friday, 27 April 2007 18:09

Music industry hiding the scores

Written by test1

Image

Sales up, margines down


The Internet and the ease of data exchange is a thorn in music industries eyes. NEWS.com.au has dug under the surface and found out that the music industry should rejoice rather than cry. When examining the Australian music market, last year was outstanding, with a 7,9% growth.  

Even though they aren't the only industry that had to adopt, it seems like they are the only one crying like a baby. Both record years (2003 and 2006) were after the iPod was launched. In 2006 the volume of CD albums shipped in Australia jumped by 7,9% to 49,8 million. The record year 2003 was only a little bit better – 50,6 million.

The problem is not in the volume, but in the profit. The earnings per CD have fallenl 5,1% (enormous figure, right?) in the last six years in Australia, or converted to hard cash – 23 million Australian dollars.

Interesting reading, especially when they compare the other industries that had to adopt to the Internet era.

 


 

 

Last modified on Sunday, 29 April 2007 04:58

test1

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