UK music industry revenue falls £189m

Digital revenue continues to grow as CD sales fall and digital piracy hits UK music industry takingsPlummeting CD sales, the ongoing toll of 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 following a bumper 2009 driven by Susan Boyle's record-breaking debut and big-selling albums from Lady Gaga and Michael Jackson.As consumers tightened the...

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