April 2, 201114 yr Author 1. USA $4.17 bil 2. Japan $3.96 bil 3. Germany $1.41 bil 4. UK $1.38 bil Could something like this work? A monthly subscription service (£8.99/month in the UK; $11.99 a month in USA) that allow the subscribers to download 50 MP3 each month. Requires: USA: 28 million subscribers @ $11.99 a month = $4.028 billion a year UK: 8.01 million subscribers @ $14.35 (£8.99) a month = $1.38 billion a year I bet millions would sign up if such a service available. 50 MP3 at $12.99 = $0.24 per song. It is a big success in South Korea and it's gaining more subscribers every day. #1 song Week of 3/20 to 3/26 sold over 446,000 copies. http://www3.picturepush.com/photo/a/5362341/img/5362341.jpg Edited April 2, 201114 yr by Dust2
April 2, 201114 yr 1. USA $4.17 bil 2. Japan $3.96 bil 3. Germany $1.41 bil 4. UK $1.38 bil I think this can happen also because of the closure of music shops in the UK, plus what I've experienced is that music CDs in the UK are far cheaper than in Germany.
April 2, 201114 yr Could something like this work? A monthly subscription service (£8.99/month in the UK; $11.99 a month in USA) that allow the subscribers to download 50 MP3 each month. It wouldn't work for me - I don't spend anything like that much per month on music.
April 2, 201114 yr It wouldn't work here. I know literally one person who is willing to pay to download music. People just feel that If they can get it for free elsewhere...why should they pay. The only exceptions are when people decide on the very rare occasion that they must own a physical CD. That's where the difference is made, most people find CDs too expensive so will not purchase unless they REALLY want it because the fact is that there IS a free alternative. This sort of model COULD potentially work if the government REALLY tackled down on illegal downloaders as people would think 'whats £8.99 a month' compared to a massive fine. All imo obviously. :P
April 2, 201114 yr i didn't know the situation was that bad... i thought it was healthy sales in the UK in 2010. Yet i think that 2011 will be a lot better saleswise, especially in the US, things are getting better recently.
April 3, 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. Maybe a rare success in the declining sales of the global music industry. No idea why India is up 16.5%. And this week 446,025. If these are representative sales figues for a Korean no.1, that's like approaching an X-Factor winner's first week sales every single week and with a population of 49m compared to the UK's 60m! In their chart singles in the mid 30s sell like an average no.1 here. Also, the ratio of sales of the no.1 track compared to those in the 30s seems to be a lot less there. Clearly a very different business model to selling singles. I wonder if it will ever happen here? Edited April 3, 201114 yr by Col1967
April 3, 201114 yr i didn't know the situation was that bad... i thought it was healthy sales in the UK in 2010. Yet i think that 2011 will be a lot better saleswise, especially in the US, things are getting better recently. Healthy *sales*, yes, but the actual revenue has gone down a lot because of the rapid decline of the physical single.
April 5, 201114 yr Author And this week 446,025. If these are representative sales figues for a Korean no.1, that's like approaching an X-Factor winner's first week sales every single week and with a population of 49m compared to the UK's 60m! In their chart singles in the mid 30s sell like an average no.1 here. Also, the ratio of sales of the no.1 track compared to those in the 30s seems to be a lot less there. Clearly a very different business model to selling singles. I wonder if it will ever happen here? Probably not. The major labels want to increase the price of music. Example: Major Label pressed Itunes to increase from $0.99 to $1.29. Just thought this is interesting. 4.4 mil sold from 310 million USA population = 1.4% of the population bought the #1 song 3.35 mil sold from 49 million South Korean population = 6.8% of the population bought the #1 song. It will be a bigger number in 2011. The music revenue in South Korea is actually growing at a 12% rate a year, which mean more people are subscribing to a music service.
April 5, 201114 yr Healthy *sales*, yes, but the actual revenue has gone down a lot because of the rapid decline of the physical single. The reason is simply because as an earlier post mentioned CDs are far cheaper in the UK. This list is made up of simply money made from music sales and not actual units. CDs are getting cheaper and cheaper in the UK, when I was 15 (17 years ago) a cd was about £15 now you can get a brand new released cd for as little as £5/6. also if you consider the size of the US, Japan and Germany compared to the UK its actually amazing that we are up there with our sales. The UK sells more music than any other country in the world, by a long way, when compared with its population.
April 11, 201114 yr Author The reason is simply because as an earlier post mentioned CDs are far cheaper in the UK. This list is made up of simply money made from music sales and not actual units. CDs are getting cheaper and cheaper in the UK, when I was 15 (17 years ago) a cd was about £15 now you can get a brand new released cd for as little as £5/6. also if you consider the size of the US, Japan and Germany compared to the UK its actually amazing that we are up there with our sales. The UK sells more music than any other country in the world, by a long way, when compared with its population. You probably right that UK pop buys more music than any other country. I can figure it out real quick 1. USA $4.17 bil / 311 mil pop = $13.4 per person 2. Japan $3.96 bil / 128 mil pop = $30.9 per person 3. Germany $1.41 bil / 82 mil pop = $17.2 per person 4. UK $1.38 bil / 62 mil pop = $22.3 per person. Nevermind. It's Japan.
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