The graph Big Music doesnât want you to see
p2pnet news view | P2P | Music:- The caption to the image below is: “This is the graph the record industry doesn`t want you to see.”
Why not?
Because, says Times Labs Online which prepared it, “compiled from a PRS for Music report and the BPI,” it make two things clear »»»
- that the growth in live revenue shows no signs of slowing; and,
- that live is by far and away the most lucrative section of industry revenue for artists themselves, because they retain such a big percentage of the money from ticket sales.
And hopefully, says the article, “this analysis … sheds some factual light on the claims and counter-claims that are paranoically sweeping across the music industry establishment, not least that put forward by the singer Lily Allen in this paper recently – and the BPI – that artists are losing out as a result of the fall in sales of recorded of music.”
Even more striking, perhaps, is the discovery that, “revenues accrued by artists themselves have in fact risen over the past 5 years, despite the fall in record sales,” says Times Labs, continuing »»»
It’s interesting too that, overall, industry revenues have grown in the period – though admittedly not by much – which arguably adds strength to the notion that, when the BPI releases its annual report claiming how much ‘the music industry’ has suffered from the growth in illegal file-sharing, what it perhaps should be saying is how much the record labels have suffered.
“For other people in the industry, not least artists, the future arguably holds more promise,” it adds.
First they ignore you, then they laugh at you, then they fight you, then you win ~ Mahatma Gandhi
Times Labs Online – Do music artists fare better in a world with illegal file-sharing?, November 12, 2009
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November 13th, 2009 at 7:54 pm
I’ll gladly pay to go see a concert, but I won’t ever pay for a digital download.
November 16th, 2009 at 2:08 am
Note the red line. It shows record sales as being down. But pirates claim that the industry isn’t losing sales.
November 16th, 2009 at 6:08 pm
not necessarily. pirates claim that the industry isn’t losing sales because of their downloads. this is true, because they probably won’t buy the record whether or not they download the song. when i download a song, the industry is not losing a sale because i wasn’t going to buy that cd anyway.
November 16th, 2009 at 9:11 pm
well said i would not buy music im on a low income. and y would i pay 30$ for a cd when i only like 2 songs on it the fact that music companies are losing money could it be we are in a recession people losing jobs trying to pay food and home loans music comes far down the list
November 17th, 2009 at 12:31 am
“when i download a song, the industry is not losing a sale because i wasnât going to buy that cd anyway”
And that is THE PROBLEM with the current state of the music industry. They are making music that people are willing to steal. They are not making music that people are willing to buy. This means that most of today’s music is not worth being a fan of. Truly successful artists don’t have “customers”, they have fans.