Music Sales Continue Slide
Sales of recorded music declined by 9.2% on a monetary basis and 11% on a unit basis worldwide during the first half of 2002, according to recently released figures from the <A HREF="http://www.ifpi.org">International Federation of the Phonographic Industry</A> (IFPI). The drop is a continuation of a long slump that began in the mid-1990s, blamed by many music industry executives on the widespread use of CD burners and the popularity of downloading tunes on the Internet. Others acknowledge that increasing competition for consumers' time and money—especially films on DVD—is eating into music industry profits.