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Report: Global Music Sales Down 8% in '08; CD Sales Fall 15%

Authored by Mark Hefflinger on April 22, 2009 - 9:15am.
New York - Worldwide recorded music sales fell 8% in 2008 to $18.4 billion, dragged by a 19% decline in the U.S., Reuters reported, citing a report from record industry trade group IFPI. Music sales fell by a more modest 6% last year in Europe, and 5% in Latin America -- but were up 1% in Asia.

The decline of the CD continued as sales fell 15% globally last year, to $13.8 billion; CD sales were down by 11% across Europe.

Sales of digital music downloads were up 24% in 2008, to $3.78 billion; U.S. sales accounted for $1.78 billion.

Overall, digital now accounts for about 4% of global recorded music sales.

 

Related Links:
http://uk.reuters.com/article/internetNews/idUKTRE53K5WH20090421

http://www.ifpi.org

Published in DMW Daily, April 22, 2009
tags: Music | Reports | Retail | IFPI | Research |



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