UK Trade Body Slams IFPI for Failing to Include Physical Sales

 

According to the ERA, the IFPI has clearly omitted the rising pattern of bodily music gross sales worldwide.

It’s tough to disregard the bodily gross sales increase.

According to a report from BuzzAngle, vinyl gross sales proceed to expertise double-digit progress.  While CD gross sales proceed to tank – although not as dramatically – cassette gross sales have jumped 138% to date this 12 months.  By the tip of the 12 months, gross sales will cross 150,000 items.

The bodily gross sales increase – led primarily by vinyl and cassettes – has additionally attracted the eye of main label executives.

Billy Fields, Vice President of Sales and Account Management for WEA – the artist and label companies group of Warner Music Group – proudly proclaimed on the Making Vinyl convention a number of weeks in the past,

Just don’t inform that to the IFPI.

In its newest Music Consumer Insight Report, the International Federation of the Phonographic Industry (IFPI) outlined the expansion of streaming music.

At the start of the report, you’ll discover a number of issues most individuals already know.  Streaming music continues to develop around the globe.  Young individuals now stream extra music on their smartphones.  YouTube continues to underpay artists, their managers, and main labels.  And, extra individuals proceed to pirate, thanks largely partially to YouTube.