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Australian CD sales rise

Written by Andre Yoskowitz (Google+) @ 15 Apr 2007 7:56 User comments (4)

Australian CD sales rise Although there was a decrease of 5 percent in overall revenue in 2006, a new report by the Australian Recording Industry Association shows that there was at least an 8 percent increase in the volume of CDs sold, as compared to 2005.
The report also showed that Australians bought 3x as much digital music in 2006 as compared to 2005.

The CEO of the association, Stephen Peach explained the drop in revenue: "People continue to be interested in music, although the average value of CD sales is continuing to decline," Mr Peach said. "At a time when the CD seems to be dying, we are selling more units than ever before, although [the retailers] are needing to sell more and more CDs to earn less money."

Despite the added sales of full CDs, the sales of CD singles have dropped drastically.

"The decline in the CD single market is most likely a migration to the digital market," Mr Peach said, "but album sales on digital are still not significant.

"It still takes a long time to download, an album and people who use digital music seem to buy tracks, rather than albums."


Mr Peach also stated that sales of digital music increased over 300 percent but digital music only accounted for 5 percent of the Australian music market, nowhere near the percentages in the US and Europe.

CD sales for the year totalled $421 million, while digital music sales only totalled $27.8 million.

Mr Peach did expect just as strong growth for digital music in 2007 due to an increase in downloads such as ringtones.

Source:
Zeropaid

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4 user comments

115.4.2007 8:54
pigfister
Inactive

its obvious that album sales will fall because now you can choose NOT to purchase the crap tracks on an album and get it in the ass by the record companies selling manufactured pop groups din. itunes ftw but the loss in revenue must be blamed on pirates, not public choice and that is what the spin at the record companies and the RIAA will endeavor to yell.

215.4.2007 10:17

pigfister, those 'crap songs' which you don't have to buy, and only buying the good songs, actually kills the music inductry in itself! Illegal downlaoding actually helps bands because they get more peopel listenign to their music and therefore more peopel at gigs, where as selling one 79p/99cent song doesn't actually help them! Frankly i think itunes is killing the industry, it woudl eb APPLE that destroys the music industry! (get it taht was a joek for noobs taht don#t get it apple record lable)

315.4.2007 10:52
pigfister
Inactive

Originally posted by Riotard:
pigfister, those 'crap songs' which you don't have to buy, and only buying the good songs, actually kills the music inductry i
who want's more britney spears wannabes. surly if artists can sell their own music via itunes cutting out the record industry, and achieving fame via concerts(free) and word of mouth or youtube ect the world world be a better place but unfortunately media and oil are what keeps the US afloat so as long as there is a buck to be gained will will have to endure the din that the record industries force down our throat just for proffit, i thought music came from the soul not a bunch of monkey writers spewing out the same crap year after year and blatantly plagiarising someone else's work.

if selection of quality was an issue then bands like pink floyd, the dubliners, the sex pistols, oasis, iron maiden ect, would never have made it anywhere, but the humble beginning for most quality bands/artists start in a smoky club or pub and ppl come to see them because of reviews and word of mouth not hundreds of thousands of pounds of advertising and a launch from nowhere made by companies just to earn profit for the companies like so much crap that exists.

416.4.2007 14:57

I read the article but it does not say if these increases are in the actual Australian CD market or the imported CD Market that is legal also. Or is this talking across the board.

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