Monday, January 17, 2005

Global music sales slipped again in 2004

Global music sales slipped again in 2004, but after four years of declines the record publishers will see the return of growing revenues in 2005 due to online stores and music DVDs, a survey found on Monday.

Hit by piracy, Internet song swappers and saturated markets, music sales fell in 2004 by one percent to $32.1 billion. But 2005 will make up for the damage with a one percent increase, said research group Informa.
[CNN]

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