Blaming Piracy, Music Industry Says It's Lost a Third of Its Value Over Past 7 Years

It's a familiar refrain from the music industry: sales are down and piracy is to blame. That's the gist of the the International Federation of the Phonographic Industry's (IFPI) annual Digial Music Report, which points to a slowdown in the growth of digital music sales. While digital music revenue has grown 1000% over the past seven years, the entire music industry has lost a third of its value over that same time period. And while digital music seems to ... Full Story »

Posted by Ellie Kesselman - via Ayo Cari Rumah (t), Mark Pegrum (t), Josh_Young (t), Ray Nichols (t), Johan Jessen (t), Fabrice Florin (f), Moises Figueroa (f)

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Ben Waldron
3.6
by Ben Waldron - Jan. 20, 2011

While this article lacks expert analysis, it is bolstered by the statistics at the bottom. It includes a quotation from the CEO of the International Federation of the Phonographic Industry, but doesn't include any specific insights from the other side of the spectrum.

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