Wednesday, July 28, 2004

THE SHRINKING MUSIC INDUSTRY. AGAIN: Whenever the RIAA sends out people pretending to be cops to look at CDs for sales, or the BPI gets someone locked up for selling recordings of old Pink Floyd gigs, they remind us they're being forced to these extremes because of the serious trouble the record industry is in. Of course, the problem is that, actually, the music industry is in rather rude health in terms of sales: Sony's music division has just posted a 1.5 percent growth in sales. That they manage to make a USD9.9million loss on sales of USD1.1billion suggests that they are suffering from poor management rather than effect of all those music downloaders.

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