Music Industry Blames Sales Decline On Weak Pop Music

artist: misc date: 03/14/2013 category: industry news
I like this
55
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.
More misc news:
+ Metal Songs Switched to Major Key Sound Hilariously Happy Entertainment 05/25/2015
+ Guy Combines Guitar and Drum Machine With Cool Results, Delivers Tons of Groove Entertainment 05/21/2015
+ You Can Now Hire Members of Megadeth, Testament, Lamb of God to Play in Your Band General Music News 05/20/2015
+ BMG Snap Up Rise Records Industry News 05/20/2015
+ Nickelback Have the Most Intelligent Rock Hit Singles of the Past Decade, Study Finds General Music News 05/19/2015
+ 16-Year-Old Tina S Delivers a Shredding Cover of Metallica's 'Master of Puppets' Entertainment 05/19/2015
+ view all
Comments
Your captcha is incorrect