Tuesday, September 02, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Says ICloud Not Breached
webOS Is Still Alive With LuneOS ROM Release for Android, webOS Devices
AMD Launches AMD Radeon R9 285 Graphics, "Never Settle: Space Edition" Game Bundle
AMD Introduces New 8-core FX-series Processors
New Philips Hue Beyond Combines Functionality And Ambient Lighting for Home
LG and Samsung Add Swarovski Crystals on Their Products
Pioneer DDJ-WeGO3 Allows You To Mix Tracks from Spotify or iTunes
Apple's iCloud Could Have Allowed Celebrity Nude-Photo Leak
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > Optical Storage > Univers...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, November 26, 2002
Universal: Rampant piracy jarrs Asian music sales


Asian music sales are expected to fall by between 10 percent to 15 percent in 2002 due to rampant piracy and a weak regional economy, an official at Universal Music Group said on Monday. Harry Hui, president for south-east Asia at Universal Music, the world's No 1 music firm and an arm of Vivendi Universal, told reporters the $1.3 billion industry, not including sales from Japan, was coming up with innovative ways to battle the downturn.

"Our industry has really been attacked. Piracy rates, both digital and physical, have really been increasing," Hui said on the sidelines of a business gathering.

"I think the economic downturn has really affected the consumption of audio, video products, and consumers these days are faced with a range of choices. They have more things to do with their dollars."

Universal has a 19 percent share of the Asian music market.

Asian piracy levels, as high as 90 percent in China, are eating into profits of the music companies, which expect sales to contract by 10-15 percent in 2002 after a 25 percent plunge in the previous year, Hui said.

Universal, Sony Music, EMI Group Plc (news - web sites), BMG, which is owned by German media group Bertelsmann, and Warner Music are the major music firms in Asia. Together they accounted for 50 percent of music sales in 2001.

The $34 billion global music industry has also been hit by stuttering economies and rising competition from interactive video games, forcing CD sales to drop by seven percent in the first six months of 2002.

This has pushed the top five players, who account for 75 percent of global sales, to slash costs and rethink strategies.

"Music companies need to really reinvent themselves," Hui said. "I think we're moving more toward revenue diversification models."

But he said Universal, which sells music from performers such as Shaggy, Sheryl Crow (news) and Limp Bizkit, would continue to invest in new talent even as it found other revenue streams.

"We're selling our music not only over fixed-line telephones but also on wireless mobile phones, and we're also doing a lot of partnership marketing," Hui said. "We're breaking a (music) album like the way we break a movie."

"We think the market has bottomed out, and next year the likely scenario is that it would remain flat," Hui added.


Previous
Next
Kiera Records does it again!        All News        Kiera Records does it again!
Kiera Records does it again!     Optical Storage News      Kiera Records does it again!

Source Link Get RSS feed Easy Print E-Mail this Message

Related News
UK 'Softens' Copyright Alert Program
U.S. Releases Trade Report On Worst Copyright Offenders
European ISPs May Be Ordered To Block User's Access To Pirated Content: court
Hotfile To Pay $80 Million In Settlement Case With MPAA
French Court Tackles Streaming and Download Sites
MPAA Lists The World's Most Notorious Markets For Illegal Film Distribution
Search Engines Encouraging Online Content Infringement: MPAA
France Drops Three-strikes Law
Australian Police Sized 80,000 Counterfeit DVDs
Web Piracy Does Not Affect Music Sales, Study Says
France Proposes Tougher Anti-Piracy Laws
Illegal P2P Music Downloads Dropped in 2012

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .