PRS for Music 2010 figures show revenues down 4.8% | Business | The Guardian

PRS for Music 2010 figures show revenues down 4.8%

• CD sales falling amid shift to free digital services

• Stars avoid stadiums and opt for smaller venues

 

Article history

Adele

Adele’s multimillion-selling album 21 accounted for 10% of all sales in the first four months of the year. Photograph: Chris Pizzello/AP

Plummeting CD sales, the continuing toll taken by digital piracy and a lack of big-name acts on tour fuelled a £189m drop in UK music revenues last year.

The music industry saw revenues decline 4.8% to £3.8bn in 2010 as the post-party hangover kicked in after a bumper 2009 driven by Susan Boyle’s record-breaking debut and big-selling albums from Lady Gaga and Michael Jackson.

via PRS for Music 2010 figures show revenues down 4.8% | Business | The Guardian.

~ by musicproducertv on August 5, 2011.

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