Concerts, Recorded Music Sales Crashed in 2010; Downloads Flat
Date: Monday, December 27, 2010 @ 16:41:42 UTC

The U.S. music business closes 2010 in an atmosphere of continuing uncertainty and decline, as the events of the last 12 months evince more questions than answers about the industry's future. The bottom fell out of the CD market years ago, but digital downloads, a growth market in recent years, began to stall in 2010. The concert business, which boomed in 2009 despite the country's ongoing economic instability, was looked upon as the one area of the music sector that would be recession-proof in 2010. But year-end figures cited by Billboard tracked a 26% decline in North American concert grosses and a 12% decrease in attendance. Complete Article

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