Music industry watch
Rethink's analysis of falling CD sales
Barry L. Ritholtz posts an excerpt from Rethink's analysis on file sharing vs CD sales:
While it is fairly well accepted that file sharing in the UK is worst than anywhere, the IFPI report says that in the UK overall sales were virtually flat with 0.1% growth in 2003. No discussion is made of this apparent anomaly.
If anything gets the credit for improvements is it the legal fight against online piracy. The legal actions are seen as instrumental in promoting sales. Again no causual link and we’re not quite sure how.
Not surprising at all -- this largely supports what I was saying yesterday. It is refreshing to see a respected research company also come up with the conclusion that the RIAA is full of shit.
Posted by Mayhem at May 19, 2004 10:00 AM