On Jan 27, 7:52 pm, herman wrote:
>
> Recently there was a discussion here of cd sales and it turned out
> major soloists (just under the Yuja Wang, Joshua Bell level in terms
> of fame) were selling titles in the hundreds, in the US, while the
> numbers in Germany and Japan were much better.
Reported January 2010 by Anne Midgette in the Washington Post
http://tiny.cc/03fdh
Stenroos is totally out-to-lunch on this topic: the US classical
market was good for $1.4 BILLION?? The world market in 2011 was worth
$16.7 BILLION (all genres, digital and physical product) . As former
chieftain of a classical music record label, he should know _much_
better. I guess the 1% really are out-of-touch, just like they say.
On Sep 26, 2:22 pm, Mark S wrote:
>
> Of course, I might have been out-of-touch with the goings on of the
> "office clerks," what with my being the MHS VP of Sales & Marketing
> and pulling down a salary of over $100k a year (sorry, but it's true).
> I don't contend that I knew everybody there on a first-name basis,
> though I bought plenty of pizza and donuts over the years for those
> who did the grunt work in order processing.
From Reuters
http://tiny.cc/vncqo
Music sales fall again in 2011, but optimism grows
January 23, 2012
By Mike Collett-White
• Music revenues in 2011 down 3 percent to $16.2 BILLION
• Digital revenues jump 8 percent to $5.2 BILLION
• Label bosses optimistic that return to growth is near
LONDON - Digital music revenues rose eight percent in 2011 to $5.2
billion, but it was not enough to prevent another annual decline in
the overall market to $16.2 billion from $16.7 billion in 2010.
Figures released on Monday by record industry body the International
Federation of the Phonographic Industry (IFPI) confirmed expectations
that a downward trend which began in the late 1990s continued last
year.
The good news was that the 2011 decline of around three percent was
smaller than the eight percent drop in 2010, and there were signs that
the industry was finally beginning to get on top of the rampant online
piracy it blames for its woes.
Record label bosses were cautiously optimistic that music revenues
would finally return to growth in 2013, a view not shared by everyone
in the business.
"The future is looking extremely bright. Has the industry turned a
corner? I'm definitely more positive now than I've ever been," said
Rob Wells, president of global digital business at Universal Music
Group, the world's biggest label.
"I think 2013 is probably a safe bet," he told an IFPI briefing in
London. "However, despite all the good news, still great effort needs
to be put on the piracy problem that still exists."
Edgar Berger, president and CEO International at Sony Music
Entertainment, added: "I think the environment is changing favourably
and we're going from headwind to tailwind."
Frances Moore, chief executive of the IFPI, said major legal digital
music services spread dramatically last year to 58 countries from 23
in 2010.
She welcomed the arrival of new models for accessing music, including
cloud-based services like iTunes Match, and said the number of
subscribers to sites like Spotify and Deezer had jumped to 13.4
million from 8.2 million in 2010.
But despite signs that governments were taking the issue of piracy
more seriously, it continued to undermine the recording industry's
efforts to return to growth.
The IFPI estimated that 28 percent of internet users accessed
unauthorised services on a monthly basis.
Wells said piracy's significance could not be played down.
"Spain, which should be the powerhouse of repertoire for Latin America
and the U.S. Latin market, is effectively a dead market," he said.
"Yet in South Korea, where we have new anti-piracy laws, the market is
surging and now spreading its repertoire far beyond its own borders."
There were encouraging signs for the album format, too, with digital
album volumes surging 24 percent in 2011 and defying predictions that
the download age would spell the end of the LP as listeners cherry
picked their favourite singles.
Overall the music market has shrunk every year since 2004, despite
digital revenues rising.
In 2004, when digital sales first registered in IFPI statistics, the
overall music industry was worth $24.3 BILLION, according to the
latest adjusted figures.
Other sectors, like publishing and movies, are concerned that the pain
the recording industry has gone through for the best part of a decade
awaits them in the future.
Digital sales accounted for 32 percent of global music revenues in
2011, compared with five percent for newspapers, four percent for
books and just one percent for films.