Music sales have dropped again in the year 2001, while the numbers are not dramatically, the main reason for the drop of sales is music piracy, according to the RIAA.
While the global economy is going down and the effects of September 11th are still there, they still think the 10 percent drop of sales is mainly caused by music piracy:
The industry said a large part of its woes in 2001 are attributable to the September 11 effect and the dismal economic backdrop, which has pounded consumer goods makers of all stripes. But the RIAA saved the bulk of its ire for cyberpirates, whom they claim are siphoning off the industry's growth prospects. |
"When 23 percent of surveyed music consumers say they are not buying more music because they are downloading or copying their music for free, we cannot ignore the impact on the marketplace," RIAA president Hilary Rosen said, citing a study commissioned by the trade group.
But the industry has also been broadly criticized for relying on a business model that is fast becoming outdated and for choosing to fight online music fans rather than find an effective way to sell to them.
The record biz's two main stabs at a legal alternative to the free file-swapping world, Pressplay and MusicNet, went online nearly two years after the rise of Napster, and have taken heat for the restrictions they place on copying and transporting music files.
I guess we all can't deny that music piracy will hurt the music industry a little, but I think the other reasons that are given in the article make more sence. Besides that, DVD music video shipments leapt nearly 140 percent.
If you like to discuss things like this we would also like to suggest to visit the CD Freaks Living Room Forum, to share your opinion with other CD Freaks visitors !
Source: CNN.com
