| You are in: Entertainment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Friday, 11 October, 2002, 09:04 GMT 10:04 UK Global CD slump accelerates ![]() Elvis Presley's latest CD has been a big-seller More music fans are shunning record stores as new figures show that the global slump in music sales has deepened. The value of music sold dropped by 9.2% in the first half of 2002, the International Federation of the Phonographic Industry (IFPI) has said. The continued popularity of free "song-swapping" sites and CD-copying has been blamed.
The slump follows a 5% drop in 2001. The UK escaped the bad news in 2001 - but has seen a 6% drop in the first six months of 2002. The biggest market in the world, the United States, fell by almost 7%, while the second biggest, Japan, dropped 14%. Music piracy has long been blamed for declining sales. It has been identified as "the greatest threat facing the music industry today" by the IFPI. Internet sites offering copied songs for free are still attracting millions of users despite the fall of Napster, while copying onto recordable discs, CD-Rs, is on the increase.
IFPI chairman Jay Berman said the figures were disappointing, but not unexpected. "The industry is in transition, with widespread CD-R copying and internet downloading continuing to affect sales." There was "no doubt" that music was more in demand than ever, he said. "It is encouraging that our member companies appear to have an exceptionally strong release schedule in the second half of the year." The record industry is taking "positive steps" to provide legitimate, consumer-friendly online services to counter the threat of the pirates, he added. | See also: 10 Oct 02 | Entertainment 16 Apr 02 | Entertainment 26 Feb 02 | Entertainment 04 Oct 02 | Entertainment 03 Oct 02 | Entertainment 26 Sep 02 | Entertainment 23 Sep 02 | Technology 27 Aug 02 | Entertainment Internet links: The BBC is not responsible for the content of external internet sites Top Entertainment stories now: Links to more Entertainment stories are at the foot of the page. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Links to more Entertainment stories |
![]() | ||
| ---------------------------------------------------------------------------------- To BBC Sport>> | To BBC Weather>> | To BBC World Service>> ---------------------------------------------------------------------------------- © MMIII | News Sources | Privacy |