"The music industry attributes the decline in online and offline music sales to a variety of factors, such as a slow economy, fewer hit songs, piracy, CD-burning and file-swapping among others," said Peter Daboll, division president of comScore Media Metrix, a division of comScore Networks.
"While a host of factors inevitably impact consumer behavior, the greater sales decline online as reported by comScore would suggest that Internet file-swapping and CD-burning are having a severe negative impact on music sales among Internet users." Source: http://www.comscore.com/
The music industry mainly attributes the decline to the growth of files-sharing applications such as Kazaa, Napster, and Morpheus. See the table below from comScore.com.
| comScore Networks |
||||||
| Online Sales of Recorded Music |
Unique Users of File-Sharing Applications |
|||||
|
Dollar Sales ($Millions) |
Average Month within Quarter (Thousands) |
Napster |
Kazaa |
Audiogalaxy |
Morpheus |
|
| 1Q 2001 |
$262 |
11,962 |
550 |
|||
| 2Q 2001 |
$269 |
8,264 |
519 |
719 |
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