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Music Industry Thriving In an Era of File Sharing

Posted by kdawson on from the told-you-so dept.

levicivita notes ZeroPaid coverage of a recent study by the UK music industry's own economist showing that overall UK music industry revenues were up in 2008 (study, PDF). The study is titled "Adding up the Music Industry for 2008" and it was authored by Will Page, who is the Chief Economist at PRS for Music, a UK-based royalty collecting group for music writers, composers, and publishers. From ZeroPaid: "[T]he music industry is growing increasingly diverse as music fans enjoy a wide range of platforms to hear and consume music. Sales of recorded music fell 6% for example, digital was up 50% while physical dropped 10%, but concert ticket sales grew by 13%. In terms of what consumers spent on music as a whole last year, this surprisingly grew by 3%."

3 of 174 comments (clear)

  1. Oh come now... We know this can't be true. by sconeu · · Score: 5, Funny

    The recording industry has lost [CARL-SAGAN] Billions and BILLIONS [/CARL-SAGAN] due to those Evil Content Pirates(tm)!

    --
    General Relativity: Space-time tells matter where to go; Matter tells space-time what shape to be.
    1. Re:Oh come now... We know this can't be true. by maxwell+demon · · Score: 4, Funny

      Not to forget those who pirated non-evil content. :-)

      --
      The Tao of math: The numbers you can count are not the real numbers.
  2. Just imagine... by narcc · · Score: 5, Funny

    How much greater would the reported growth be without losses due to piracy?

    I'm guessing it would be something like 3 billion percent.

    --
    Required reading for internet skeptics