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UNDERNEWS

Undernews is the online report of the Progressive Review, edited by Sam Smith, who covered Washington during all or part of ten of America's presidencies and who has edited alternative journals since 1964. The Review, which has been on the web since 1995, is now published from Freeport, Maine. We get over 5 million article visits a year. See prorev.com for full contents of our site

March 1, 2010

MUSIC BUYING DISAPPEARING FASTER THAN JOBS

LA TIMES - Last year saw a 21% drop in the number of people in the U.S. buying music -- both digital and physical -- compared with 2007, according to figures released by NPD Group, a market research firm.

The NPD numbers echo similarly dour news released last month from the IFPI, a London-based consortium of 1,400 record companies. A 12% uptick in digital music sales in 2009 was not enough to reverse an overall 10% slide in global sales of recorded music in all formats, according to the IFPI.

The number of people in the U.S. who bought music fell by one-fifth, to 93 million, in 2009 from 116 million in 2007. In other words, the market seems to be shrinking, even as digital music revenue is poised to eclipse physical music sales this year.


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