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Studies & Reports 7 of 23
"The music industry is constantly evolving. Styles of popular music, change at a dizzying rate, requiring artist & repertoire (A&R;) departments at record labels to stay on their toes. More notably, the latest shift in music format and consumer behaviour—to the online realm—has the global music industry playing catch-up. The result: five years of declining music sales.
Between 1999 and 2003, the value of music sold dropped 28%, from $1.3 billion to $946.4 million.
This downturn is as true in Canada, the world's sixth largest music market, as elsewhere. Between 1999 and 2003, the value of music sold dropped 28%, from $1.3 billion to $946.4 million.1 Last year, the decline in value was 2.9%, and some predict the slump to continue for at least another year."
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Creator(s)
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Department of Canadian Heritage
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Source Location
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Canada
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Date Published
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2005-01-07
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Language
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Bilingual
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URL
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http://www.pch.gc ...
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Copyright Holder
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Department of Canadian Heritage
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