mostly music

BBC News – Japan drags down global music market

A sharp decline in music consumption in Japan caused overall global growth to slow down in 2013, according to figures from the International Federation of the Phonographic Industry (IFPI).

The 16.7% slump in Japanese sales caused world figures to slide by 3.9%.

But European music consumers had a buoyant year, registering their first growth for 13 years, while digital sales in the US rose by 3.4%.

Japan largely relies on physical sales of music, which did not perform well.

The country – which is the world’s second largest music market – is seen as unique among developed nations for its reliance on CDs and the lack of user-friendly music download services on smartphones.

A music industry which is dominated by a few major players and has failed to make a digital transition has led to its sharp decline, according to the IFPI.

Along with South Korea, Japan is in the only country in 2013 to have a top 10 album rundown entirely made up of local artists.

Excluding Japan from the new figures, the world music market remained stable with 0.1% growth last year.

via BBC News – Japan drags down global music market.

This entry was published on March 22, 2014 at 8:59 am. It’s filed under Article and tagged , , , , , , , . Bookmark the permalink. Follow any comments here with the RSS feed for this post.
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