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Article: Measuring the sales of music products around the world: a look at sales levels in developed nations and an analysis of the economic, demographic, and cultural forces that drive growth. Why are China and the U.S. expanding while Western Europe stagnates?(THE GLOBAL Music Products Market)
- Article from:
- Music Trades
- Article date:
- December 1, 2005
CopyrightCOPYRIGHT 2005 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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Sales growth in China and the United States largely offset stagnant results in much of Europe, resulting in a 3.5% increase in music products sales worldwide. In 2004, the global industry generated revenue of $17.2 billion, up from $16.6 billion the previous year. For virtually every country in our rankings, music products represents a mature industry, which by definition is one that doesn't change dramatically from year to year. There is one striking exception: China. While the industry in the rest of the world shifts incrementally, based on prevailing economic conditions, in China, it is evolving, both qualitatively and quantitatively, at a dizzying pace. Five years from ...
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