Abstract
This report examines the changing fortunes of pre-recorded music - an industry contending with the explosion of file-sharing sites, as well as a host of new interactive media and price deflation prompted by the growing influence of online retailers and supermarkets.
A combination of these pressures has seen sales fall, both in terms of volume and value. However, the explosive growth of the legal download market could, if properly managed, go some way towards boosting the profitability of the market.
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