Irish sales fall in One Direction as boyband tops charts for last year
Published 23/03/2014 | 02:30
IRISH music sales are plunging six times faster than they are across the world, the head of an Irish music industry lobby group has warned.
Revenues from global music sales fell by 4 per cent last year, according to a report published by the music industry body, the IFPI, last week. However, by contrast, Irish music sales dived by 25 per cent last year, according to Dick Doyle, director general of IRMA (Irish Recorded Music Association), which represents Irish record companies.
"We'd put most of this down to internet piracy and the illegal downloading of music," said Doyle.
About one in four internet users regularly used unlicensed online music services, according to the IFPI report.
In 2005, Irish music sales stood at €160m but last year, they fell to just over €40m, according to Doyle. "There's been a drastic decrease in Irish music sales and that sounds very bad warning bells for reinvestment in Irish artists," said Doyle.
The IFPI also found that sales of digital music increased over the last year – while physical music sales of CDs and vinyl fell by almost 12 per cent. In Ireland, sales of CDs fell by about 15 per cent in 2013, according to IRMA figures.
Despite the gloomy outlook for Irish music sales, the Irish/British boy band, One Direction, above, had the best selling album in 2013, according to the IFPI report.
Sunday Indo BusinessFollow @Indobusiness