Is the music industry really suffering?
From record labels to retailers, the music industry has complained for years now about how much illegal downloading of songs is hurting their profits. In a report today, however, HMV seems to be doing fine:
"Music and book seller HMV Group has posted a 70% surge in interim profits and says it is on track to meet profit targets for the full-year."
HMV Group has the biggest market share of CD retailers in the UK and Canada, and is steadily gaining ground on the Japanese market. But for some insight into how this affects everday musicians, check out the new article I just posted, entitled "The Rough Guide to Critics". Discussions pertaining to HMV start on page 13 of the article, under the heading.
Posted by matt at January 15, 2004 06:10 PM