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[BBC]Digital music sales 'slowing'

post #1 of 32
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Quote:
The growth in digital music sales has been slowing in recent years, according to industry figures.

Sales grew 11-fold between 2004 and 2010 to an estimated $4.6bn (£2.9bn), the International Federation of the Phonographic Industry (IFPI) said.

But while revenues grew by 25% in 2008, that figure slipped to 12% in 2009 and to just 6% in 2010.

The group also warned of the challenges facing the industry from piracy, with 95% of music downloads made illegally.

"As an industry we remain very challenged," IFPI chief executive Frances Moore told the BBC.

"Some 95% of intellectual property is stolen.

"It doesn't just affect the record companies, it affects jobs. We have independent studies that show that something like 1.2 million jobs could be lost in the creative sectors by 2015 - something like 10% of the workforce."
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post #2 of 32
Maybe it has something to do with the quality of music being...... Pretty piss poor the recent years
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post #3 of 32
95% stolen, but sales grew 11 fold. Right..

WHY is the music industry SO greedy?
Why are they saying millions of jobs could be lost WHEN THEY'RE STILL MAKING A PROFIT?
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post #4 of 32
I think their statistics are a little bit off... I highly doubt that 95% of downloaded music is obtained illegally.

Also, they failed to account for things such as the recession (if consumers have less disposable income, they're not going to buy...), plus the fact that by now they've got to be reaching a saturation point for people using download services such as iTunes.
post #5 of 32
Quote:
Originally Posted by beers View Post
95% stolen, but sales grew 11 fold. Right..

WHY is the music industry SO greedy?
Why are they saying millions of jobs could be lost WHEN THEY'RE STILL MAKING A PROFIT?
Because they don't just want to make money, they want to make ALL the money.

That and they do have a bit of a point, I mean if I worked my booty off to finally get a record deal and get a album together I would be mad if most of the people who got it torrented it or something.
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post #6 of 32
Quote:
Originally Posted by ZTR1760 View Post
Because they don't just want to make money, they want to make ALL the money.

That and they do have a bit of a point, I mean if I worked my booty off to finally get a record deal and get a album together I would be mad if most of the people who got it torrented it or something.
1. They are lying about how many people download music illegally.
2. Artists rarely benefit from album sales unless they own the record label.
3. More and more Artists are doing there own distribution due to it being much easier then previous decades.
4. They are just butthurt like how Infinity Ward is blaming PS3 for how many people are cheating in there game.
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post #7 of 32
Lmao at 95%. Come off it lol.
post #8 of 32
Quote:
Originally Posted by ENTERPRISE View Post
Lmao at 95%. Come off it lol.
yup. It's all bull****
post #9 of 32
Quote:
Originally Posted by KusH View Post
1. They are lying about how many people download music illegally.
2. Artists rarely benefit from album sales unless they own the record label.
3. More and more Artists are doing there own distribution due to it being much easier then previous decades.
4. They are just butthurt like how Infinity Ward is blaming PS3 for how many people are cheating in there game.
its more than just the artist that goes into the effort of producing and distributing music
post #10 of 32
Quote:
Originally Posted by dontpwnmebro View Post
its more than just the artist that goes into the effort of producing and distributing music
You don't say?
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