As digital music sales leap, paid-for print circulations tumble
Posted in: Online TV/Music at 20/02/2012 20:20
Just nine years ago, Britain had a thriving music press and a music industry that was defying the worldwide trend for falling sales. While still some way past its peak, NME enjoyed a circulation of 72,442 in 2003, while the UK's recorded music industry boasted an income of £1.22bn that year, up £13m on 2002.
The music industry's woes since then have been well documented. However, figures released last week suggest that the recorded music business, for all its troubles, is actually faring far better in the transition to digital than the British music press.