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 Ray Nichols (t), Ayo Cari Rumah (t), Josh_Young (t), Johan Jessen (t), Mark Pegrum (t), Moises Figueroa (f), Fabrice Florin (f)
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