Music sales slide 5%

CD album sales were off 4.6%

LONDON — Global music sales fell 5% in the first half of 2001, hit hard by a 5% decline in North America and a massive 20% drop in Latin America. Unit sales were down 6.7%.

According to worldwide record industry org IFPI, the disappointing results were in large part attributable to CD copying and Internet piracy.

CD album sales were off 4.6%, the first fall in over a decade. Last year, sales of blank CDs increased 80% and a further 40% boost is predicted for 2001.

Of the top 10 markets, only the U.K. and France showed growth, up 10.5% and 7.9% respectively in local currency.

The U.S. – which represents more than 40% of the world market – was off 5.3%, Japan 7.2%, and Germany 11.3%. Europe on average was down roughly 1%, Asia 8%.

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