iTunes is now the third largest music retailer in the U.S. 25/07/08
"With 9.8% of the market, the leading music download store passed Amazon.com and ranked behind Wal-Mart (15.8%) and Best Buy (13.8%). Showing that not even market research experts have moved beyond the album format, NPD counted units sold, not total value of sales. To account for iTunes' single sales, NPD counts every 12 tracks as one album on CD." [AP]
Declines in physical sales continue
"A joint study by PricewaterhouseCoopers, the IFPI and Singapore-based Soundbuzz predicts the global music industry's physical product revenue will drop 61% by 2009." [Coolfer]
Who wants a music tax?: This blanket is no comfort 29/07/08
"In Pynchon's Gravity's Rainbow, set in WW2 London, a character called Slothrop begins to realize that everywhere he has sex, a V2 rocket subsequently lands on the same spot, obliterating the area. If you dig a little, you may notice something spookily similar with the idea of a Music Tax in the media.
Back in March, talk of a Music Tax suddenly exploded at the SxSW music conference in Austin. WiReD's blog ran a story by Frank Rose, entitled Music Industry Proposes a Piracy Surcharge on ISPs." [TheRegster]
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