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The British Record Industry has released the most recent sales figures for the year 2003 and what went up and what went down? Read on to find out
In new figures released by the Official UK Chart Company to industry magazine Music Week, sales rose by 7.6%, chalking up almost 121 million artist album sales (excluding compilations). This is a true shock to the record executives that have been saying that because of piracy, sales are down. The biggest change was the singles market which dropped 30% from the year before. Now it is not known if the sales figures include the independent labels because this is the UK Chart Music company. It is good news for people in the music industry because after all the years of claiming that mp3's were hurting sales and all the doom and gloom predicted, finally some figures get released showing that sales went up. Record companies are quick to point out that they are still being hurt by the rampant mp3 downloading. For the curious, the top album of 2003 was Dido's Life For Rent, which sold 2.1 million copies in the UK.
So will 2004 hold the same for the record companies? We can only wait and see.
(source.nme.com)
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