Things aren't shaping up too well this holiday season for the music industry, as early figures indicate that sales are down considerably.

Nielsen SoundScan, the standard of tracking music sales, have estimated that profits are down 12.9 percent from this time last year. Analysts contend that unless there is a last minute CD binge from consumers, the industry's campaign will have ended in complete failure.

While the music industry blames P2P networking and an increase in physical piracy, many other causes may be exacerbating the problem; including a slow economy, high priced CD's and a poor choice in artists.

This story is filed in these Slyck News categories
File-Sharing/P2P Related :: Studies/Research
File-Sharing/P2P Related :: Statistics/Analysis

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