I was looking through an article that was sent to me through The Dean’s List on global music sales decline and thought it was pretty interesting. As a music industry minor, information like this upsets me. I hope that these numbers will open people’s eyes to their impact on the music industry when they illegally download music off the internet or file share.
According to the IFPI, The International Federation of Phonographic Industry, physical CD sales are falling 15.4% globally and by 31.2% in the US. However, digital music sales grew by 24.1% globally to $3.78 billion, including a 16.5% rise in the US. For more information check out the article. What is your opinion on digital downloads?