The graph Big Music doesn’t want you to see
Posted in filesharing on November 13th, 2009 by admin – Be the first to commentp2pnet news view | P2P | Music:- The caption to the image below is: “This is the graph the record industry doesn’t want you to see.” Why not? Because, says Times Labs Online which prepared it, “compiled from a PRS for Music report and the BPI ,” it make two things clear »»» that the growth in live revenue shows no signs of slowing; and, that live is by far and away the most lucrative section of industry revenue for artists themselves, because they retain such a big percentage of the money from ticket sales. And hopefully, says the article, “this analysis … sheds some factual light on the claims and counter-claims that are paranoically sweeping across the music industry establishment, not least that put forward by the singer Lily Allen in this paper recently – and the BPI – that artists are losing out as a result of the fall in sales of recorded of music.” Even more striking, perhaps, is the discovery that, “revenues accrued by artists themselves have in fact risen over the past 5 years, despite the fall in record sales,” says Times Labs, continuing »»» It’s interesting too that, overall, industry revenues have grown in the period – though admittedly not by much – which arguably adds strength to the notion that, when the BPI releases its annual report claiming how much ‘the music industry’ has suffered from the growth in illegal file-sharing, what it perhaps should be saying is how much the record labels have suffered.
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