Web music revenue growth stuck in single figures

Jan 23, 2012

(AP) -- A report by the global music industry lobbying group says the growth in digital revenues remains stuck in the single figures.

The International Federation of the Phonographic Industry blames piracy and government sluggishness for the failure of online business to take off.

While a report out Monday says that digital revenue has risen by 8 percent over the past year one analyst says that isn't nearly enough to make up for the decline in sales elsewhere.

Independent media analyst Mark Mulligan says that in Britain and the United States "we've already lost half of the in the past 10 years."

IFPI chief Frances Moore acknowledged that digital growth "should be much higher" but said that widespread still posed a challenge to the industry.

Explore further: Twitter boss launches global cash register service

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Digital music sales rise but piracy is sour note

Jan 21, 2010

(AP) -- Strong growth in digital music sales in 2009 led by Lady Gaga failed to stop the continuing slump in the international recorded music industry, and pirates remain a major problem, an industry body said Thursday.

Virgin Media and Universal launch music service

Jun 15, 2009

(AP) -- Virgin Media, the cable TV operator owned by entrepreneur Richard Branson, launched a new kind of music download subscription service Monday with Universal, the world's largest music company.

Mobile music a cell-out in India

Apr 21, 2006

Partly helped by illegitimate downloads and partly because it has become an outright fad, mobile music is set to overtake legal conventional music in India in the next few months.

China's Baidu, music labels launch online service

Jul 19, 2011

(AP) -- Baidu Inc., which operates China's most popular search engine, said Tuesday it will distribute music from three global labels in a deal that its partners say could help clean up China's piracy-plagued music market.

UK says illegal downloaders may lose Web access

Aug 25, 2009

(AP) -- People who repeatedly download copyrighted films and music could have their Internet connection cut off under proposed laws to tackle illegal file-sharing unveiled by the British government on Tuesday.

Asia wakes up to digital-music piracy

Apr 10, 2006

That hi-tech mobile handset you recently bought, which can do everything from surfing the Net to downloading actual music, may be your latest wonder-gadget, but these cutting-edge handsets are also giving nightmares to Asian ...

Recommended for you

'Call of Duty' blasts past $10 bn in sales

19 hours ago

Blockbuster military shooter video game "Call of Duty" has blasted past $10 billion in lifetime sales, propelled by demand for the latest installment in the 11-year-old franchise.

Square's point-of-sale service goes global

23 hours ago

Financial services startup Square is taking aim at cash registers across the globe, making its point-of-sale software available internationally in English, Spanish, French and Japanese.

Apple, Xiaomi trade smartphone barbs in China

Nov 20, 2014

Top executives from US technology giant Apple and Chinese smartphone upstart Xiaomi traded light-hearted barbs on Thursday at a Chinese Internet conference, acknowledging the fierce competition between the ...

User comments : 5

Adjust slider to filter visible comments by rank

Display comments: newest first

kochevnik
5 / 5 (1) Jan 23, 2012
Hmm funny indie artists are getting major kickoffs from Internet promotion. I personally know three artists cutting their own albums using the Internet for marketing, instead of the record labels. And in New York a man cuts his own vinyl records. Seems the Phonographic Industry has a FAILED BUSINESS MODEL.
Deathclock
5 / 5 (1) Jan 23, 2012
"we've already lost half of the music market in the past 10 years."

...and that has nothing to do with the fact that mainstream music has gone to shit in the last 10 years does it?
Meyer
5 / 5 (2) Jan 23, 2012
Hmm funny indie artists are getting major kickoffs from Internet promotion. I personally know three artists cutting their own albums using the Internet for marketing, instead of the record labels. And in New York a man cuts his own vinyl records. Seems the Phonographic Industry has a FAILED BUSINESS MODEL.


This brings up another facet. I don't know about other music listeners, but 90% of what I listen to these days is made by independent artists posting their work on YouTube or SoundCloud. Even if I did have to pay for it, the money wouldn't be going to any major recording/publishing outfits. Maybe the government should do something about these mavericks making great music without a profit motive, effectively stealing money from the recording industry.
Callippo
3.7 / 5 (3) Jan 23, 2012
Car industry stagnates many years - but no one blames the warez, because it's clear for everyone, it's because of financial crisis. Why just the media business expects to escalate its profit under such a situation?
mrtea
not rated yet Jan 24, 2012
If the major labels had embraced micro payments from the beginning, they would be enjoying continuing profits. People will pay for apps, why not songs? Because an app lasts longer than a song, which is the same price. Make the song ten cents, and people will buy ten songs. It's all data now...

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.