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Article: Music industry declines for two years: video could be bigger than music by 2003. (Focus).(Industry Overview)
- Article from:
- Screen Digest
- Article date:
- October 1, 2002
CopyrightCOPYRIGHT 2002 Screen Digest Ltd. 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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* Distributor level revenues for US music industry have fallen for two successive years
* Last year was the first year ever in which sales of the CD format actually fell
* There is a fundamental shift in attitudes to paying for music but no fall in demand
* Sales of vinyl singles could exceed sales of CD singles on within two years
* Next replacement technology for music will almost certainly involve the Internet
* On current trends US music industry will be overtaken by video this year or next
US music industry revenues have fallen for two successive years, the first time this has happened in the past decade, ...