Global Music Sales Down 7.6 Percent

Global sales of recorded music fell for a fourth consecutive year in 2003, according to figures released Monday by the International Federation of the Phonographic Industry, reports the Associated Press.

"The IFPI attributed the decline to three main factors:

-- CD burning and illegal downloading;

-- competition for consumer spending from DVDs and cell phones;

-- and economic uncertainty, particularly in Latin America and Asia.

The IFPI said all three issues "began to show signs of a turnaround in early 2004."

emily | 5:39 PM | News, Buzz |
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