It's crazy, they complain that the industry is in turmoil when in actual fact.....The British record industry may sue internet song-swappers as part of a new campaign against online piracy.
I believe the reason for drop in the singles market is because it is all badly mass-produced rubbish. No wonder nobody is buying it and yet they seem so surprised!The move comes despite healthy album sales for the UK industry.
Album sales in the UK rose by 7.6% in 2003 to a record high, fuelled by falling CD prices.
But the singles market continues to fall - with a drop of 30% last year.
The growth of the internet and file-swapping has enabled people to look beyond the top 40 and discover 'good' music from independent artists and smaller record labels that otherwise would not be available in your high street store. Couple this with the more reasonable CD prices which are now being offered (and has also been an issue for years, there just wasn't any good alternative), I see good things for the whole record industry.
Full story ---> http://news.bbc.co.uk/1/hi/entertainmen ... 395161.stm