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The music industry continued its growth, and by 1921 the value of record sales in the US reached $106 million with 140 million records being sold. [ 21 ] Album sales were first reported by Billboard magazine on March 24, 1945. [ 22 ]
On 18 June 2009 CNET News reported Jammie Thomas-Rasset was found guilty of willful copyright infringement in a Minneapolis federal court and must pay the recording industry $1.92 million. This legal battle, Capitol Records, Inc. v. Thomas-Rasset, marked the first time the recording industry has argued a file-sharing case before a jury.
The main branches of the music industry are the live music industry, the recording industry, and all the companies that train, support, supply and represent musicians. The recording industry produces three separate products: compositions (songs, pieces, lyrics), recordings (audio and video) and media (such as CDs or MP3s , and DVDs ).
The survey showed that growth for the quarter to August was 22%, representing a slow-down from the 37% rise for the three months to July.
The vinyl record industry has enjoyed a resurrection largely driven by Gen Z. Between 2006 and 2022, record sales in the U.S. grew from $14.2 million to $1.2 billion.
The world's largest recorded music markets are listed annually by the International Federation of the Phonographic Industry (IFPI). The ranking is based on retail value (rather than units) each market generates respectively per year; retail value generated by each market varies from year to year.
Over time, industries rise and fall based on demographic trends, shifting consumer preferences and technological developments. However, in 2020, entire industries that were thriving as recently as...
In 1980, the band released their cassette single "C·30 C·60 C·90 Go" on cassette that featured a blank B-side on which the buyer could record their own music. In the 2000s, the campaign experienced a revival, as the Norwegian branch of IFPI (International Federation of the Phonographic Industry) launched a new campaign named Piracy Kills ...