Global Recorded Music Revenue Declines In 2009

Global Recorded Music Revenue Declines In 2009

Global Recorded Music Revenue Declines In 2009
Global recorded music market revenue totaled $17.03 billion in 2009, a 7.2 percent year-over-year decline, according to the IFPI's annual "Recording Industry In Numbers" report. Global physical revenue declined 12.7 percent to $11.93 billion, while digital revenue, which accounted for 25.3 percent of all music sales, increased 9.2 percent to $4.31 billion. U.S. music revenue declined 10.7 percent to $4.63 billion while Japan's revenue decreased 10.8 percent, both contributing to approximately 80 percent of the global decline. In related news, U.S. album sales totaled 5.54 million units this past week, down 10 percent compared to the prior-year week, according to Nielsen SoundScan. Year-to-date sales have totaled 98.21 million units, a 10 percent decline compared to the same point in 2009. (4/28)

Business Marketing Services To Acquire The Pirate Bay
Cambridge, Mass.-based Business Marketing Services has announced it will acquire the Pirate Bay for $10 million from Sweden's Global Gaming Factory X AB, which expects to finalize its acquisition of the illegal file-sharing site by June 30. In 2009 Global Gaming Factory made a bid to acquire the Pirate Bay's domain name and associated trademarks and transform the site into a legitimate music service, but did not secure investors to subsidize its $8 million purchase. (4/28)
 

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