PRS for Music 2010 figures show revenues down 4.8%
• CD sales falling amid shift to free digital services• Stars avoid stadiums and opt for smaller venuesPlummeting CD sales, the continuing toll taken by digital piracy and a lack of big-name acts on tour fuelled a £189m drop in UK music revenues last year.The music industry saw revenues decline 4.8% to £3.8bn in 2010 as the post-party hangover kicked in after a bumper 2009 driven by Susan Boyle's record-breaking debut and big-selling albums from Lady Gaga and Michael Jackson.As consumers t...
Guardian Music — • CD sales falling amid shift to free digital services• Stars avoid stadiums and opt for smaller venuesPlummeting CD sales, the continuing toll taken by digital pirac... more info