Music revenue overall fell 3%. The NYT article quotes the chief exec of the International Federation of the Phonographic Industry fulminating yet again about file sharers. He states that more than 10,000 court actions have been taken against file sharers across 18 countries. I’m not going to dive into the file sharing debate here, but the fact that music revenues are falling cannot surely be attributable in any significant way to piracy – the range of media available to consumer is hugely more diverse now than, say, 15 years ago when DVDs and video games were much smaller markets than they are now.
I wonder whether there’s any comprehensive research about the entertainment industry and the changing formats available?