UK Album Sales Drop In 2009

UK Album Sales Drop In 2009
Album sales declined 3.5 percent year-over-year in the UK in 2009, according to data from the British Phonographic Industry. A total of 16.1 million albums were downloaded legally, representing 12.5 percent of album sales. Single sales increased 32.7 percent, driven by download sales of 149.7 million, which constituted 98 percent of all single sales. (1/12)

SXSW Has Positive Effect On Austin Economy
The 2009 South by Southwest Conferences & Festivals injected approximately $99 million into the Austin, Texas, economy, according to a Greyhill Advisors study. Operations for the weeklong event, which featured more than 1,900 music artists and 330 films, contributed $20 million to the economy and attendance accounted for $78.8 million, and the city benefited from another $21.4 million from the combined media coverage value. The 2010 installment of SXSW is scheduled to kick off March 12. (1/12)

EMusic Reaches Agreement With WMG
Online subscription service eMusic has reached an agreement with Warner Music Group which will make 10,000 of the label's catalog albums available to its U.S. subscriber base. WMG is the second major label to sign on with eMusic, following an agreement with Sony Music Entertainment last June. EMusic offers various subscription plans, including a fee of $11.99 per month for 24 downloads. (1/12)

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