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Old 05-29-2007, 04:55 PM
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Location: Finland, EU
A different view to music industry losing sales

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Ever since the illegal downloading was brought to the mainstream attention, RIAA and the rest of the music industry has been eager to blame it for their lack of increasing profits and sueing downloaders to get the money they claim to be rightfully theirs.

Here's another view to the subject:

"..You get the same picture when you look at the average dollars spent by entertainment consumers (from a chart on page 53). Overall spending per person rose to $890.77 a year from $675.35, a healthy 32% increase. Spending on television (cable, video on demand etc) plus home video (DVDs) soaked up more than half of the total increase. Throw in Internet spending and you've accounted for 90%. No surprise then that spending on newspapers and recorded music actually declined. "

The whole article here in a BusinessWeek blog: http://www.businessweek.com/investin...cd_im_jus.html
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