Sony, UMG Tie For Q1 Market Share Lead

Sony, UMG Tie For Q1 Market Share Lead

Sony, UMG Tie For Q1 Market Share Lead
Sony Music Entertainment and Universal Music Group tied for the top spot of the first-quarter major label market share with each representing 28.7 percent, according to HITS Daily Double. Warner Music Group placed third with a 14.8 percent share, while EMI was last with an 11.8 percent share. The quarter's top-selling album was Lady Antebellum's Need You Now with sales of 1.5 million copies, followed by Sade's Soldier Of Love (990,000) and Lady Gaga's Fame (670,000). (3/29)

Karaoke Industry Plummets 80 Percent
Yearly sales of karaoke machines and software have dropped 80 percent from $200 million in 2002 to $40 million due to the poor U.S. economy, increasing license fees and piracy, according to the Los Angeles Times. Los Angeles-based Parao Karaoke Bar's business has declined 33 percent on weekends, while Charlotte, N.C.-based Sound Choice Studios, a facility specializing in karaoke, has seen sales drop from $12 million to less than $1 million. (3/29)
 

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