Swiss recorded music market continues to fall

The interest of the Swiss Association of phonogram producers IFPI Switzerland sets the annual balance sheet for 2007. Revenue last year declined again. The amount recorded music sales, according to IFPI Switzerland to 175 million Swiss francs. In 2006 there were 191 million Swiss francs.

As in previous years, revenue in the Swiss recorded music business in decline since 2000. Meanwhile, revenue at the level of 1987 decreased. At the time came from the sales of recorded music sales to 193 million Swiss francs. The previous sales record was in 1995 with 317 million Swiss francs. Revenues were not absolutely comparable, as a member of the heritage status over the years repeatedly changed slightly, according to the IFPI Switzerland.

Therefore, the digital business in 2007 compared to previous years growth: The Digital Sales reached IFPI Switzerland, according to a turnover of 13 million Swiss francs. In 2006 there were seven million Swiss francs, before that only three million Swiss francs.

Source: Musikmarkt