Digital Music Growth Slows In 2009

Digital Music Growth Slows In 2009

Digital Music Growth Slows In 2009
Digital track sales increased year-over-year by 90 million units in the United States in 2009, a sharp decline compared to the sales growth between 225 million and 229 million units from 2006 to 2008, according to a Billboard report based on Nielsen SoundScan data. Digital album sales increased by 10.4 million units in 2009, down from a growth of 17.5 million units in 2008, and ringtones also declined with sales falling 23 percent through summer 2009. According to the report, barring successful new products or services, digital music sales could plateau by 2011. (1/6)

French Artists, Labels Secure Licensing Rate Increase
A government-led commission in France has ruled neighboring rights licensing fees paid to French artists and record labels in public establishments such as bars, restaurants and shops that play recorded music will be significantly raised effective Feb. 1. French label collection societies SPPF and SCPP have not disclosed a detailed breakdown of the cost of the new licenses, but describe the weekly cost as comparable to two cups of coffee. Under the new system French collection group SPRE predicts its related income to grow from $30.3 million in 2008 to $108.1 million in 2013. (1/6)
 

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