Quote:
Originally Posted by daviking
Since the introduction the iTunes Music Store on April 28, 2003, music sales have plummeted in the United States -- from $11.8 billion in 2003 to $7.1 billion last year. When adjusted for inflation, revenue has been more than halved since Apple launched the iTunes Music Store.
If you compare todays music sales with sales in 1999 you will see that the music industry lost about two thirds of their market.
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I was looking at some sales numbers earlier today and saw that from 1995-2005 the top selling album of the year sold at least 5 million or more copies with some going as high as 9 million. To be 100% accurate there were two that came in at 4.9 million copies sold.
Since 2005 there has been 1 that sold 5 million and 1 that sold 4 million and the rest were all below that.
I know this isn't all due to piracy, it is also because with iTunes the music business became a singles industry. The days of having to buy a full album to get a couple of songs are gone. Now you can just spend a few bucks and get the ones you want.
Piracy does play a role. There are still plenty of people who think $1.00 is too much to pay for a song. Just look at some of the copyright and piracy threads on sites like Torrentfreak and Reddit and you will see what I mean. There is a group of people out there that will never pay. It is almost like they are offended that people want to sell their music.