UG editorial team. A group of people who are passionate about guitar and music in general.
Posted on Mar 20, 2014 11:37 am
According to the latest International Federation of the Phonographic Industry (IFPI) report, music sales got lowered even further and have scored a 3.9% decline in 2013.
The reason behind the drop can be traced to Japan, a country described as somewhat as an anomaly due to still having a strong CDs market. However, the country's CD sales have declined by massive 16.7%, also impacting the global state.
As the report further reads, the sales drop comes as a consequence of Japan market's refusal to adapt to streaming and download services. In the other parts of the world, Europe reported a music sales jump for the first time in 13 years, whereas US sales got lowered by 3.4%.
The streaming industry did make some impressive leaps though, scoring a 50% growth and crossing the $1 billion sales mark for the first time. If Japan's sales decline was omitted, the global music industry has even managed to grow in 2013, although for mere 0.1%.
As Telegraph reports, IFPI is blaming Google for playing a crucial role in the industry's decline. According to chief executive Frances Moore, over 100 million requests were sent to the company, demanding the removal of links leading to illegal music.
Moore noted that "to be quite honest we didn't see much effect of those notices," adding that "we hope that Google will realize that it's in its own interest to do more, but we're yet to see that ... Google could do so much more."