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Article: RECORDING MEDIA ASSOCIATION STATISTICS POINT TO GROWING AUDIO/VIDEO TAPE INDUSTRY IN 1996
- Article from:
- PR Newswire
- Article date:
- November 15, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. 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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NEW YORK, Nov. 15 /PRNewswire/ -- In reaction to 3M's announced discontinuation of its audio and video tape business over the next year, ITA, the International Recording Media Association, has released figures pointing toward record sales volumes for audio and video tape products during 1995/96.
"3M's announcement appears to run counter to the trend in our industry," explains ITA Executive Vice President Charles Van Horn. "Although we cannot address issues of profitability for individual companies, we can comment that, on an industry-wide basis, audio and video tape manufacturers are experiencing unprecedented growth."
Among its recent findings, ITA has ...