Posts tagged with Music Sales

Lady Gaga cashes in on Spotify. Not

Swedish startup Spotify has taken Europe by storm. The ad-supported music streaming service, which also offers an ad-free and mobile-enabled paid offering, has more than 6m registered users across Europe, with more than 2.5m in the UK. Expansion into the US is planned for 2010.

Spotify's popularity has attracted investment from major record labels and recent reports suggest that Spotify may be Sweden's biggest contribution to the music business since Abba.

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Are pirates the record labels' best customers?

According to new figures released by the International Federation of the Phonographic Industry, total global music sales dropped by more than 8% in 2008. In the US, total sales were down nearly 19%. The drop comes despite double-digit gains in digital music sales, which are still too small to put a dent in the decline of physical music sales.

You can be sure that digital piracy will receive some of the blame for 2008's slide. And to be fair, record labels have every right to be upset about the infringement of their intellectual property rights.

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