Music Industry Thriving In an Era of File Sharing 174
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%."
Oh come now... We know this can't be true. (Score:5, Funny)
The recording industry has lost [CARL-SAGAN] Billions and BILLIONS [/CARL-SAGAN] due to those Evil Content Pirates(tm)!
Just imagine... (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.
Re:Oh come now... We know this can't be true. (Score:4, Funny)
Not to forget those who pirated non-evil content. :-)
Re:Oh come now... We know this can't be true. (Score:2, Funny)
Come come... You are getting confused here...
What on earth does the recording industry have to do with the music industry ???
Re:File-sharing has dropped in the UK (Score:3, Funny)
In other news... (Score:3, Funny)
The Chief Economist of PRS was found dead in his home, apparently of autoerotic asphyiation, with ropes tied around his neck and completely naked.
The UK police are stumped. "We did find a card with the word 'RIAA' on it, but we decided to ignore it and call this a suicide. A sex game gone wrong." Outsiders call this a case of corporatism - the government and the corporations colluding to cover-up a murder. "It be fascism, that's what it be," said a local man who refused to identity himself.