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Australian music industry sees growth for first time since 2003

Written by Andre Yoskowitz @ 14 Feb 2010 11:22 User comments (3)

Australian music industry sees growth for first time since 2003 According to new figures from the ARIA (Australian Recording Industry Association), the Australian music industry has seen growth for the first time since 2003.
Says Slyck: "...wholesale revenues over the full year increased almost 5% when compared to 2008. An increase in overall digital revenues was the key contributing factor to this growth, with digital albums demonstrating an increase of over 60% by revenue, more than offsetting the relatively modest decline in physical CD sales..."

Surely piracy is still killing the music industry?

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3 user comments

115.2.2010 01:43

the fall in physical CD sales was only like .5%

215.2.2010 12:36

What the hell sold in Australia that was so noteworthy for these sales? Last time I checked, things looked bleak for the mates down under. This is good news for them, now what about here in the States? What's the rate here? - BLUEBOY

315.2.2010 16:06

Yeah you must have missed the part about the Australian market being down like 30 per cent since 2003..... so this little increase does nothing to offset the huge losses that the industry has faced in Australia...

Piracy undermining the music market in Australia? At 1 billion tracks being illegally downloaded a year in Australia - you betcha.

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