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Music's Lost Decade Sales Cut in Half

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DEATH OF AN INDUSTRY
"Total revenue from U.S. music sales and licensing plunged to $6.3 billion in 2009, according to Forrester Research. In 1999, that revenue figure topped $14.6 billion," CNN Money reports. But evidently the industry just sees it as growing pains: "There have been a lot of changes over the past 10 years," said Joshua Friedlander, vice president of research at RIAA. "The industry is adapting to consumer's demands of how they listen to music, when and where, and we've had some growing pains in terms of monetizing those changes."
SOURCE:   CNN

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