March 4, 2004
According to the RIAA, the losses were higher than reported elsewhere. I had read about CDs dropping 2% with overall sales down 3.6%. The RIAA reports 7.1% and 7.2% respectively. I wonder where the discrepency is coming from – it can’t all be from the fact that digital downloads are not included. If you take the RIAA at its word, the industry’s down over 1.3 billion dollars net (assuming labels take about 54% of gross).