According to the Recording Industry Association of America (RIAA) shipments of music CDs dropped 8.9% last year vs. 6.4% in 2001:
Additionally, shipments of all music formats decreased 11.2% last year, compared with a year-earlier 10.3%. Total value of sales for 2002 was $12.6 billion, an 8.2% drop compared with 2001, and the lowest total since 1997. Total retail units were down 7.8%, while total retail value was down 6.8%. |
"A major cause of the decline in 2002 includes the ongoing problem of online and physical music piracy," RIAA chairman and CEO Hilary Rosen said. "As we have seen piracy rise, we are responding aggressively online and have dramatically upped the activities of our antipiracy unit, increasing our seizures of counterfeit and pirate CDRs by 89.5% in 2002."
Interesting figures as always although I have some doubts on how they calculated them. The article also mentions that the RIAA is implementing new antipiracy strategies. Perhaps they should read this article first for some alternative solutions on preventing piracy..
Source: Yahoo!News
