Global Music Sales Down 10 Percent in 2007
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Music sales fell faster in 2007 than 2006 due to a sharp fall in CD sales and competition from illegal file sharing.
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Vocalist Josh Groban is named the top selling artist of 2007 in the US, according to official figures.
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EMI Group Plc , the world's  third-largest music company, said it has dropped plans to buy  smaller rival Warner Music  "for the time being,"  sending its shares down as much as 7 percent on Thursday.
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A swing to growth in U.S. album sales  and surging consumption of music on DVD helped slow the decline  in first-half global sales of recorded music, the trade body  for the world's largest record companies said on Thursday.
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The global recorded music market fell  for the seventh consecutive year in 2006, and the slide is  accelerating in 2007, according to figures published by a music  trade group.
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French media and telecommunications giant Vivendi Universal reported that third quarter sales fell to 4.7 billion euros (6.1 billion dollars) from 5.9 billion a year earlier but were nonetheless ahead of experts' expectations.
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Sales of music fell at a faster rate in  2007 than 2006 despite digital sales soaring, and the  gatekeepers of the Web must act if the industry is to beat  piracy, the international trade body said on Thursday.
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Global CD sales in 2006 have slumped "more than expected", according to an industry report.
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In a dismal year for the touring  industry, with ticket prices soaring and seats going unsold,  music fans in North America partied like it was 1989 as Prince  and Madonna topped the concert box office.
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The Number Two online music retailer reports record downloads to close out 2007.
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Sales at Apple's online music shop iTunes Music Store dropped off dramatically in the first six months of 2006, according to market research firm Forrester.
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Slow sales in Asia are expected to cut into sales and profits.
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Analysts predict growth in mobile phone sales will drop below 10 percent this year.
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Only one in five European iPod owners   regularly buys songs online, new research shows, a signal that   the music industry will need to rely more heavily on other ways   to recover revenue lost to piracy and illegal downloading.
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Global music sales are showing signs of recovery for the first time in four years thanks to DVD sales.
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After a two-week streak during which the album selling periods of Christmas 2004 and New Year's Day 2005 looked stronger than their counterparts of a year ago, this week gives the appearance that the year's first sales week came up a loser, down almost 28% from the start of 2004.
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LOS ANGELES (Billboard) - The holiday mood at independent  music retailers is one of cautious optimism, despite Nielsen  SoundScan numbers showing that overall sales at U.S. indie  merchants were down 7.1% from last year as of Nov. 28.