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Article: Singing the praises of karaoke: top suppliers show how to find the profit potential in universal desire to sing. (The Karaoke Market).
- Article from:
- Music Trades
- Article date:
- June 1, 2003
CopyrightCOPYRIGHT 2003 Music Trades Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Karaoke products suppliers are singing a happy tune--and who could blame them. As reported in this publication's recent Music Industry Census (April), karaoke machines represent one of the industry's brighter current melodies, with annual unit volume and retail value gains averaging better than 30 percent over the past four years. While karaoke software's performance remains comparatively flat, the segment, overall, has been crescendoing nicely, especially since the resurgence of TV talent shows such as American Idol. In an attempt to get better in tune with this market, The Music Trades presented an "open mic" to the industry's leading suppliers. The following, to be ...