News Section Logo NEWS - Return to news section

 

UK Music Sales Up, Revenue Down, Piracy Blamed

Posted by: , 13:55 AEDT, Tue January 11, 2011

Permanent Link     Add Comments
The BPI says piracy is responsible for a yearly revenue decline, however music sales are actually up significantly

The BPI, UK's recording industry group, has released sales figures for 2010, and they show a dramatic increase in the number of items sold.

Up 27% from 2009, 281.7 million units sold, the greatest ever annual results recorded by the BPI.

However, revenue is down, and the BPI is blaming piracy for this downturn. In its statement, the BPI said that it estimates 1.2b tracks were downloaded illegally in 2010.

However, there may be an far simpler and more likely explanation for the contrasting units sold and revenue figures. The increasing popularity of digital purchases means people are buying more single tracks than ever, but buying less and less full CD albums. The BPI's own numbers back this up, with CD sales down 12.4%. 

The BPI, however, attributes falling CD sales to online piracy. But that does not explain the rise in digital album sales, up 30.6%, even though digital media, in theory, should be more affected by digital piracy.

Interestingly, live performance attendances are up for the year, and this greatly benefits artists, who only see a small percentage from actual album/track sales (with most of the money going to recording labels and managers).

What do you think is responsible for falling music revenue? Is piracy really to blame? Share you opinion and discuss this news story in our forum:

http://forum.digital-digest.com/showthread.php?t=94429


Comments:

Related News:

News Icon DVD Sales Down 16% In 2010, But Blu-ray, Digital, Rentals Up

posted by: Sean F, 12:40 AEDT, Fri January 7, 2011

News Icon What is Really Killing The Movie Industry

posted by: Jonathan M, 13:45 AEDT, Thu February 25, 2010

News Icon Xbox 360 Kinect: 8 Million Shipped, Avatar Kinect Chat Launched

posted by: Sean F, 13:04 AEDT, Fri January 7, 2011

News Icon ZapTunes Closes, Starts New Business (or scam?)

posted by: Sean F, 11:51 AEDT, Thu January 6, 2011

News Icon Windows Phone 7 DRM Broken?

posted by: Sean F, 14:01 AEDT, Sat January 1, 2011