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Music Industry Sales Analyses 2015

ECONOMIC Between the years of 2000 and 2008, music made a sharp decline in sales and distribution. In fact, album and music sales topped in 1999, with a whopping 260 million albums sold, but declined to 250 million albums sold in the year of 2000. Record Album sales continued to decline each year and hit a low in 2007 of 140 million albums sold, matching sales records of 1977 when sales began to make a steady incline. (Stop music theft, 2011) However these sales do not reflect digital downloads which increased the number to over 800 million in the year 2000 but then declined to a combined download and album sales total to just over 300 million in the year 2012. (Saving Country Music, 2012) In the UK, a survey of people between the ages of 12 and 74 years old have been accustomed to downloading music. However a figure of about 8 million people in the UK, have admitted to pirating music through illegal downloads off of the internet, which many claim to be destroying the pockets of record labels all through Great Britain. (The register, 2004). Figures in the 2004 article cite that during those years following the turn of the century, album sales had decreased over 39% and singles sales dropped 56%. SOCIAL Sources of influence such as parental guidance and media suggestion have endorsed children to spend large amounts of time in front of a screen besides being used for gaming and television watching purposes. Many ways parents have urged kids to use computers for research and development and a clever way to keep parents in touch with kids via the new electronic smart phone is to couple the use of the phone as an audio device. This new phone defeats in comfort and size the archaic portable Walkman and Discman which required bulky batteries and components. In fact, kids spend an average of 9 hours a day staring at screens and many of them know nothing of musical components that existed twenty years ago on an increase. (NBC, 2015) Media suggestion includes marketing the MP3 player as a valid social enterprise along with the classic IPod, for music listening purposes, both of which have been taken off of the market, thus eliminating the portable music component. (Consequence of sound, 2014)

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