There’s more bad news for the ailing music industry in a report produced by the industry’s trade body, the IFPI. The organization has revealed that recorded music sales fell by around 10 percent in 2009, and have dipped by a staggering 30 percent since 2004. More than a quarter of all music sales now comes from digital downloads, according to the report.
Illegal downloading is still talking a sizable chunk of the music industry’s profits, despite efforts to steer consumers toward legitimate download and streaming services. “Overall, global music sales in the first half of 2009 were down by 12 percent (physical and digital sales) and full-year figures are likely to see a similar trend,” the report said.
Spain and Japan are listed among the countries deeply affected by the downturn, with CD sales falling by 20 percent in the latter. Meanwhile, single track downloads increased by around 10 percent compared to the 2008 figures, and full digital album sales have increased by a huge 20 percent.