Music Shipments Decline in 2003

march 5, 2004  10:34 am
According to statistics released yesterday from the Recording Industry Association of America (RIAA), U.S. music shipments from record companies to retail outlets declined 4.3 percent in 2003 and unit shipments declined 2.7 percent. Sounds bad, but compared to 2002, where music shipments declined 6.8 percent and unit shipments went down 7.8 percent, it seems like the decline rate is slowing down. The year 2003 was important for the recording industry, with record companies offering consumers the widest choice and variety of ways to access music, including through satellite radio and webcasting streams,exclusive release deals, different pricing strategies, new formats and value-added CD/DVD combinations in retail outlets.