ARIA achieves record year

[psi_ko]

from http://www.aria.com.au/news/stats2000.htm



The size of the overall market for recorded music increased during 2003 and was up 5.98% in value from 2002 (increasing from $609.5 million to $646 million). Nearly all of this growth has been attributable to increased sales of music DVDs. Excluding music DVD, the market remained relatively flat at $573 million. 2003 saw CD album sales volumes increase by 7.85% in stark contrast to the significant decline in the volume of CD single sales, which reduced by 16.6%.

The Australian Record Industry Association (ARIA) remains optimistic that the decline in the market has been arrested and that a foundation for solid future growth has now been established.



The industry is encouraged by the significant increase in the volume of CD sales over the past year which has helped offset decreases in wholesale pricing during that period. These price reductions have been in response to a very competitive market for the entertainment dollar with increased competition from non-music DVDs, electronic games and mobile technologies. The adverse impact of illegitimate CD burning and internet file sharing continues to be of significant concern, particularly in relation to CD singles where there has been a significant decline in both volume and value.


so record sales are up, on the whole, kinda calls into question the idea that filesharing programs are killing the music industry doesnt it! at least to the extent it is being claimed.

[tikdoph]

The adverse impact of illegitimate CD burning and internet file sharing continues to be of significant concern, particularly in relation to CD singles where there has been a significant decline in both volume and value.
Yeah... let's not blame the number of shitty songs released these days, huh.

[Hired Goon]

Its the record industry's own fault anyway. If they had got onboard with the technology in the beginning (MP3 and P2P) - rather than just trying to sink Napster etc - the industry would've been able to build on it.

Instead they didn't do anything except sue a bunch of people and try to pretend the technology didn't exist. Therefore, I have no sympathy for them.

[Scythe]

The record companies are just upset that they're not making such massive profits with the selling of singles, most of which were overpriced ripoffs anyway. People are still buying albums, they're just sampling songs for free before buying the CD, not forking out for the single.

[psi_ko]

Originally posted by Scythe
The record companies are just upset that they're not making such massive profits with the selling of singles, most of which were overpriced ripoffs anyway. People are still buying albums, they're just sampling songs for free before buying the CD, not forking out for the single.

was thinking this myself after the event.

when microsoft has record sales and shares go up, they advertise it, when aria has record sales, they dont......why?

that is to say
when a company records a record year, so to speak they advertise it....when a record company records a record year they dont advertise it
go figure

[Bostonmess]

The record companies are lying bastards anyway. I remember when CDs came out in the Uk (yes, I'm that old :() they said they would charge exorbitant prices (ok not them words) only to start with, just to get things set up and then they would lower the prices. Even though it costs fuck all to make 'em, the prices only ever went up.

They've only started coming down recently because of all the bootlegs IMO. I wouldn't mind so much if most of the profits went to the bands.

I just hope that it helps the music industry through exposing the untalented shite that can't play live, maybe soon live gigs will be the best way for bands to make their money.