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BBC: US music bounces back from slump

Posted By Barry Ritholtz On April 12, 2004 @ 5:44 pm In Music | Comments Disabled

bbc_news.bmp

The uptick in Music sales [1] continues to be the most under reported story around. So far, its been the WSJ [2] and now BBC [3]. Everyone else is AWOL.

Here’s what the BBC had to add:

“Music sales in the US rose by more than 9% in the first three months of 2004 compared with the same period last year – signalling an end to a four-year dip. The 9.1% upturn in sales of CDs, music DVDs and legal downloads is a ray of light for an industry that has battled online piracy and new technology.

For the first time since 2000, two albums – by Norah Jones and Usher – had weekly sales of more than one million. The upturn, which began at the end of 2003, saw CD sales rise 10.6%, according to the figures from Nielsen SoundScan.”

First time since 2000? Might this lead anyone with more than two functioning brain cells that the recession had anything to do this? Anyone? Anyone? Bueller [4]?

UPDATE: 6:00 PM April 12 2004
AP ran a story Friday [5] (when I was out of the pocket), and the very good but little known TechNewsWorld follwed that today. That makes four.

Sources:
US music bounces back from slump [3]
BBC
Saturday, 10 April, 2004, 10:51 GMT 11:51 UK

http://news.bbc.co.uk/2/hi/entertainment/3615725.stm

U.S. music sales continue to rise despite piracy [5]
AP Apr. 09, 2004

http://www.siliconvalley.com/mld/siliconvalley/8396823.htm

Music Sales Strong Despite Digital Piracy [6]
Gene J. Koprowski
TechNewsWorld, April 12, 2004

http://www.technewsworld.com/perl/story/33400.html

Music slump: ‘Worst may be over’ [7]
LONDON, England (Reuters)
Wednesday, April 7, 2004 Posted: 1740 GMT (0140 HKT)

http://edition.cnn.com/2004/SHOWBIZ/Music/04/07/music.sales.reut/


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2004/04/bbc-us-music-bounces-back-from-slump/

URLs in this post:

[1] uptick in Music sales: http://bigpicture.typepad.com/comments/2004/04/album_sales_sho.html

[2] WSJ: http://online.wsj.com/article/0,,SB108071645185870088,00.html

[3] BBC: http://news.bbc.co.uk/2/hi/entertainment/3615725.stm

[4] Bueller: http://www.imdb.com/title/tt0091042/quotes

[5] AP ran a story Friday: http://www.siliconvalley.com/mld/siliconvalley/8396823.htm

[6] Music Sales Strong Despite Digital Piracy: http://www.technewsworld.com/perl/story/33400.html

[7] Music slump: ‘Worst may be over’: http://edition.cnn.com/2004/SHOWBIZ/Music/04/07/music.sales.reut/

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