point 6 - 6. Investigate the how the sales of CDs have changed in the last five years. Look at how artists are now making most of their money.
CD's have always been a 'must have' and have remained to be a very popular product to listen to music via. However music sales in the UK have fallen for the sixth consecutive year, according to
the British record trade. The BPI said combined digital and physical album sales fell 7% last year, from
128.9 million to 119.9 million.The 2009 figures saw an overall drop of 3.5%, despite a rise in download sales., music and books retailer HMV announced plans to close 60 UK stores in the next
12 months.
The company said Christmas sales were down 10% and warned profits would be at
the lower end of forecasts, blaming severe weather and "challenging trading
conditions". The BPI monitored sales gathered by the Official Charts Company and said
sales of digital albums in 2010 have increased by 30%.It also found the combined singles market recorded an all-time high of
161.8m, beating 2009's figure of 152.7m.
It is now easier, and faster, to click a button a download your new favourite
track, legally or illegally. Now thanks to to sites such as youtube and spotify,
it is simple and easy to listen to music over and over again free of charge.
This dramatically effects artists as they do not make a profit from there music.
Itunes helps this by charging for downloads, although this does not support the
sales of CDs.
Artisits are no longer making a great amount of money from CDs. It is now coming from performing at festivals or concerts, or going to do a private show. If they are going to do a festival then normally the company will fly them out there and pay for their accomadation. As well as this itunes is still used all over the world on a daily basis. Itunes will keep a percentage of the money but the rest will go to the artist. As well as this artist will avertise themselfes, they do this in many different way's such as selling T-shirts, Caps, Flags,Horns and 20 second recordings of their latest song.
CD's have always been a 'must have' and have remained to be a very popular product to listen to music via. However music sales in the UK have fallen for the sixth consecutive year, according to
the British record trade. The BPI said combined digital and physical album sales fell 7% last year, from
128.9 million to 119.9 million.The 2009 figures saw an overall drop of 3.5%, despite a rise in download sales., music and books retailer HMV announced plans to close 60 UK stores in the next
12 months.
The company said Christmas sales were down 10% and warned profits would be at
the lower end of forecasts, blaming severe weather and "challenging trading
conditions". The BPI monitored sales gathered by the Official Charts Company and said
sales of digital albums in 2010 have increased by 30%.It also found the combined singles market recorded an all-time high of
161.8m, beating 2009's figure of 152.7m.
It is now easier, and faster, to click a button a download your new favourite
track, legally or illegally. Now thanks to to sites such as youtube and spotify,
it is simple and easy to listen to music over and over again free of charge.
This dramatically effects artists as they do not make a profit from there music.
Itunes helps this by charging for downloads, although this does not support the
sales of CDs.
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