Global recorded music sales fell by almost $1.5bn (£930m) last year as digital piracy continued to take its toll on the industry, with the UK losing its mantle as the third-largest music market after “physical” sales of CDs collapsed by almost a fifth.Global recorded music revenues fell 8.4% last year, about $1.45bn, to $15.9bn according to the annual Recording Industry in Numbers report by international music industry body the IFPI.
http://www.guardian.co.uk/business/2011/mar/28/global-recorded-music-sales-fall
Global recorded music sales fall almost $1.5bn amid increased piracy
Global recorded music sales fell by almost $1.5bn (£930m) last year as digital piracy continued to take its toll on the industry, with the UK losing its mantle as the third-largest music market after “physical” sales of CDs collapsed by almost a fifth.