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Recorded Music and Music Publishing - Venture Insights

Report Overview

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Recorded Music and Music Publishing

PublisherEnders Analysis.
Publish Date June 1, 2009
Sector Music and Radio.
Company Apple.

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Steep declines in CD sales in major recorded music markets continued in 2009 as we had forecast last year (Recorded Music and Music Publishing [2008-39]).

Sales of recorded music continue to be decimated by physical and online piracy, plus the disintermediation of the album purchase by the digital purchase of cherry-picked’ tracks.

A further knock-on effect on CD sales is the reduction in retailers’ shelf space devoted to music, including as a result of the bankruptcies of major chains (Circuit City, Woolworths and Zavvi) what we have called the perfect storm’ for the CD.