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%.