Music Industry Blames Sales Decline On Weak Pop Music

artist: misc date: 03/14/2013 category: industry news
I like this
voted: 10
Music Industry Blames Sales Decline On Weak Pop Music
Music industry figures have blamed a weak lineup of mainstream releases for a recent drop in UK music sales. The sales decline comes after the industry praised a measly 0.3% rise in global music revenue, which was widely seen as an exciting improvement on the 13 years of losses that preceded it. Newly published figures from the Entertainment Retailers Association yearbook (via Billboard) reveal a 12% drop in total entertainment sales, which bundles music, video and game sales over the last year. 2012 music sales fell from £1.07 billion ($1.6 billion) to £1.01 billion ($1.51 billion) in 2012, demonstrating a massive decline compared to the 0.3% global revenue growth. Industry observers blame the decline on a weak lineup of music releases and "structural changes" in the music industry, which include the sale and merger of major labels. "2012 suffered from a weak schedule across all entertainment formats. It was a particular blow to specialist entertainment retailers who are reliant on the quality of the product they are delivered," said ERA director Kim Bayley. Only one British artist, Emeli Sande, sold more than one million units in 2012. Digital sales aren't doing so bad; music downloads in the UK went up by 15.1% during the same period.
Submit your story new
More misc news:
+ Busking Band Fined for Breaking Noise Limit in Dublin WTF? 10/06/2015
+ Popular Music Vloger Mistaken for Oregon Mass Shooter in Worldwide News Report WTF? 10/05/2015
+ Guitarist Quits Corporate Job to Play on Streets Around US Full Time, This Is How It Turned Out General Music News 10/05/2015
+ This Double-Neck Guitar Can Be Easily Torn Apart Into Two Separate Guitars, Check It Out General Music News 10/05/2015
+ Learn Something: Berklee Is Offering a Free Course in Music Theory, Why Not Take It? General Music News 10/04/2015
+ Meet the Pitch Key, Small and Cheap Gizmo That Allows You to Switch to Drop Tuning While Playing Entertainment 10/01/2015
+ view all
Your captcha is incorrect