The music industry generated $7.1 billion in sales in the United States last year, down 0.9 percent from 2011, according to a statement released by the Recording Industry Association of America (RIAA). Why this will be nearly cause for celebration at the major labels is that flat annual sales are far better than the double-digit percentage declines that plagued the sector for most of the past decade.
No doubt, many in the music business were hoping for a second consecutive year of increased sales. Revenue rose slightly from $7.0 billion in 2010 to $7.1 billion in 2011. Given that the sector is half the size it was in 2000 when it reported $14 billion in sales, the RIAA says the back-to-back years with a small increase and flat sales...
via The Verge - All Posts http://www.theverge.com/2013/3/26/4149870/top-labels-say-music-sales-fall-slightly-in-2012
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