Posted March 28, 201114 yr http://www.guardian.co.uk/business/2011/ma...usic-sales-fall Some excerpts: Global recorded music sales fell by almost $1.5bn (£930m) last year as digital piracy continued to take its toll on the industry, with the UK losing its mantle as the third-largest music market after "physical" sales of CDs collapsed by almost a fifth. Global recorded music revenues fell 8.4% last year, about $1.45bn, to $15.9bn according to the annual Recording Industry in Numbers report by international music industry body the IFPI. Overall physical sales, the term used in the industry for sales of products such as CDs, fell by 14.2% year on year to $10.4bn. Digital revenues grew by 5.3% year on year to $4.6bn to account for 29% of all recorded music revenues. Overall UK sales were $1.38bn, down some $170m or 11% year on year, thanks to a 19.2% fall in physical sales to $920m. Sales through digital channels boomed by 19.6% to $347m. In the US overall sales fell by 10% with physical sales down 20% to just over $2bn and digital sales stagnating with 1.2% growth to $2bn. Of the major markets ranking in the top 20 by size, just three saw year-on-year sales increases with Korea up 11.7%, India up 16.5% and Mexico up 0.9%. http://www.musicweek.com/story.asp?section...1044727&c=1 - US digital sales accounted for nearly 50% of the market and grew 1.2% in 2010, with strong growth in online sales and digital albums. Edited March 29, 201114 yr by Dust2
March 28, 201114 yr Author Just thought this info might be of some interest. Global overall: down 8.4% USA overall: down 10% UK overall: down 11% South Korea: up 11.7% South Korean music model is high volume, low price (as low as $0.10 per song with monthly subscription) to combat piracy. There are probably 4-5 million subscribers in South Korea paying $7-10 a month to download anywhere from 50 to 100 songs. Their #1 song last week sold 419,671 copies. http://www.gaonchart.co.kr/main/section/on...aon?nationGbn=T http://www2.picturepush.com/photo/a/5327750/img/5327750.jpg Maybe a rare success in the declining sales of the global music industry. No idea why India is up 16.5%. Edited March 28, 201114 yr by Dust2
March 28, 201114 yr Just thought this info might be of some interest. Global overall: down 8.4% USA overall: down 10% UK overall: down 11% South Korea: up 11.7% South Korean music model is high volume, low price (as low as $0.10 per song with monthly subscription) to combat piracy. There are probably 4-5 million subscribers in South Korea paying $7-10 a month to download anywhere from 50 to 100 songs. Their #1 song last week sold 419,671 copies. http://www.gaonchart.co.kr/main/section/on...aon?nationGbn=T http://www2.picturepush.com/photo/a/5327750/img/5327750.jpg Maybe a rare success in the declining sales of the global music industry. No idea why India is up 16.5%. :o wish we were like that
March 28, 201114 yr :o wish we were like that There's a thread in the International charts forum with the year-end charts for South Korea in them, I think. There were lots and lots and lots and lots of million sellers!!! :o
March 28, 201114 yr I believe that the South Korean model is the only effective way to combat piracy.
March 28, 201114 yr Here's the year-end top 100 in South Korea. The #1 sold 3,352,827 #100 sold 1,477,767! :o http://www.buzzjack.com/forums/index.php?s...125184&st=0
March 28, 201114 yr that south korea plan sounds like a good one, would it ever work here? I guess it could do. Although at the moment, digital downloads just seem to be increasing here, so there's probably not much incentive for download sites to implement something like this at the moment.
March 29, 201114 yr Author How come digital is not as popular in the UK as it is in the US? US ($2bil) out of $4 bil: 50% UK: $347m out of $1.38bil: 25.1% Overall UK sales were $1.38bn, down some $170m or 11% year on year, thanks to a 19.2% fall in physical sales to $920m. Sales through digital channels boomed by 19.6% to $347m. though digital is gaining fast.
March 29, 201114 yr How come digital is not as popular in the UK as it is in the US? US ($2bil) out of $4 bil: 50% UK: $347m out of $1.38bil: 25.1% Because as little as physical formats sell here, they're still far more popular than they are in the USA.
March 29, 201114 yr Just thought this info might be of some interest. Global overall: down 8.4% USA overall: down 10% UK overall: down 11% South Korea: up 11.7% South Korean music model is high volume, low price (as low as $0.10 per song with monthly subscription) to combat piracy. There are probably 4-5 million subscribers in South Korea paying $7-10 a month to download anywhere from 50 to 100 songs. Their #1 song last week sold 419,671 copies. http://www.gaonchart.co.kr/main/section/on...aon?nationGbn=T http://www2.picturepush.com/photo/a/5327750/img/5327750.jpg Maybe a rare success in the declining sales of the global music industry. No idea why India is up 16.5%. Did anyone notice that the #2 is called "Sore Breast Stories"?
March 29, 201114 yr Author Did anyone notice that the #2 is called "Sore Breast Stories"? LOL. I knew someone would mention that. It's google translated from the Gaon Download Chart below http://www.gaonchart.co.kr/main/section/on...aon?nationGbn=T Fans translated it into English as: Heart Aching Story and other translates it as: Words that free my heart The song is pretty good even if I don't know a word of Korean. l3W2ezmod1k Though I like his Craig David's Insomnia cover better. If you want to hear how Insomnia sounds in Korean, watch the following. It's really good. VkxVxZX1dKY The cover sold over 2 million digital copies in 2009. Edited March 29, 201114 yr by Dust2
March 29, 201114 yr MW article, doesn't add much:- Germany overtakes UK as world's third largest music market 14:52 | Monday March 28, 2011 By Charlotte Otter Source: MW Germany has overtaken the UK as the world’s third biggest music market – after Britain experienced a sharp drop in physical sales last year. Despite seeing a growth in digital of 19.6% , overall UK music revenues in 2010 fell 11%, meaning it is now the fourth largest global player in the music industry, after the US and Japan and Germany. The findings, which come from a report published today (Monday) by the IFPI titled, Recording Industry in Numbers 2011, also reveal the value worldwide music market fell by more than 8% - and is now valued at £9.9bn in spite of an overall rise in digital of 5.4%. The report also found that: - There was a 4.6% increase in income generated from performance rights in 2010 while revenue to record companies grew 4.6% to £531m, with sharp growth in the US (up 27.9%) and Germany (up 18.5%). - Europe experienced a 21.6% rise in digital revenues last year thanks to new subscription-based streaming services like Spotify, Deezer and Vodafone. - The new Hadopi law in France, introduced last year, coincided with a decline in P2P file sharing of 5.1% - with 53% of illegal file sharers stopping or reducing activity since the law was passed. - US digital sales accounted for nearly 50% of the market and grew 1.2% in 2010, with strong growth in online sales and digital albums. - Piracy helped to account for an 8.3% drop in digital sales in Japan.
March 30, 201114 yr Author I believe that the South Korean model is the only effective way to combat piracy. You maybe right especially if this is true: 95% of digital music downloaded in 2008 is from illegal sites. http://news.bbc.co.uk/2/hi/technology/7832396.stm Ninety-five per cent of music downloaded online is illegal, a report by the International Federation of the Phonographic Industry (IFPI) has said. The IFPI, which represents 1,400 companies in 72 countries, estimated more than 40 billion music files were illegally shared in 2008. There were 1.4 billion single tracks legally downloaded in 2008, with the top-selling digital single, Lil Wayne's Lollipop, selling 9.1 million copies.
March 30, 201114 yr Whoa at Japan! Not much more than a third of the population of the US and yet enarly as much revenue!
March 30, 201114 yr Did anyone notice that the #2 is called "Sore Breast Stories"? ...and #8 is called "Such Crap..." :lol:
March 30, 201114 yr Author Whoa at Japan! Not much more than a third of the population of the US and yet enarly as much revenue! I'm surprised at that too. However, CD is expensive over there. http://www.billboard.biz/bbbiz/industry/gl...005100902.story IFPI 2011 Report: Global Recorded Music Sales Fall 8.4%; Eminem, Lady Gaga Top Int'l Sellers March 30, 2011 By Richard Smirke, London Trade revenue generated by global recorded music sales totaled $15.9 billion in 2010, according to the International Federation of the Phonographic Industry's (IFPI) annual report. That represents a year-on-year decline of 8.4% compared to 2009, when global sales amounted to $17.4 billion. IFPI's annual "Recording Industry in Numbers" study also states that physical format sales once again slumped by 14.2% globally, falling from a trade value of $12.2 billion in 2009 to $10.4 billion. The U.S and Japan, the world's two largest music markets respectively, accounted for 57% of the global decline in 2010, compared with 80% in 2009, says IFPI. Recorded music sales in the States were down 10% to $4.17 billion (compared to $4.63 billion in 2009), while Japan's market dropped 8.3% to $3.96 billion (from $4.32 billion in 2009). Global digital revenues did, however, climb by 5.3% to total $4.6 billion, with digital formats accounting for 29% of all recorded music sales in 2010 -- a 4% growth on the previous year. Digital sales now account for 49% of all U.S. music sales in 2010, up from 43% the previous year. The report also said that music subscription services "expanded their audiences significantly in the past year," and estimates that ten million consumers worldwide subscribed to a music service. Performance rights revenues grew by 4.6% in 2010, totaling $851 million and accounting for 5% of global trade revenues. Although Europe continues to be the global market leader in this sector, the U.S. experienced significant growth in performance rights revenue, climbing from $70 million in 2009 to $90 million in 2010. India also saw large growth in performance rights revenue, growing from $26.2 million to $40.1 million. In total, sales of recorded music were up in three major markets: India (+16.5%), South Korea (+11.7%) and Mexico (+0.9%). Malaysia, Singapore, Taiwan, Argentina, Central America and Caribbean, Chile and Peru also experienced varying degrees of growth in their individual markets. The United Kingdom, however, fell to No. 4 in the IFPI's rankings of the world's largest music markets, with Germany overtaking it to steal the No. 3 spot. Recorded music sales in the U.K. in 2010 totaled $1.38 billion, a massive 11% fall from $1.55 billion in 2009. Recorded music sales in Germany, meanwhile, totaled $1.41 billion, representing a more moderate 4.1% decline from 2009. Elsewhere, Spain dropped out of the Top 10 world rankings, reflecting years of falling sales and widespread piracy. Reflecting on the report, IFPI chief executive Frances Moore, called for further support from governments and policy makers to help curb piracy and arrest the global decline in recorded music sales. "The demand for new music seems as insatiable and diverse as ever, and record companies continue to meet it," said Moore in a statement. "But they are operating at only a fraction of their potential because of a difficult environment dominated by piracy. Determined action by governments and intermediaries to tackle this problem could create a framework for increased growth, more investment in artists and greater consumer choice." Also included within the annual "Recording Industry in Numbers" report was a list of 2010's bestselling global albums, which was topped by Eminem's "Recovery" (Universal). Lady Gaga's "The Fame Monster" (Universal) came in second, while Susan's Boyle's "The Gift" (Sony Music) sat at No. 3, followed by Taylor Swift's "Speak Now" (Universal). 1. Eminem - Recovery 2. Lady GaGa - The Fame Monster 3. Susan Boyle - The Gift 4. Taylor Swift - Speak Now 1. USA $4.17 bil 2. Japan $3.96 bil 3. Germany $1.41 bil 4. UK $1.38 bil
March 31, 201114 yr Author Because as little as physical formats sell here, they're still far more popular than they are in the USA. Can't be much more popular in the years to come. Within a few years, digital > physical. It's already happening in the US UK: Physical: down 19.2% Digital: up 19.6%
March 31, 201114 yr There's a thread in the International charts forum with the year-end charts for South Korea in them, I think. There were lots and lots and lots and lots of million sellers!!! :o i know they were almost all million sellers
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