Music sales climb 25% in Canada

It's an advocates dream come true. News that sales have never been better in a country where the record industry associated with labels like EMI is in a "moral vacuum." Many would say that this is living proof that downloading music for free not only doesn't hurt the record industry, but stimulate growth in music sales. That is, of course, according to a report recently published by Canadian Heritage. This is coupled with another recent report that the Bare Naked Ladies sales on the latest album sky-rocketted under a new business model.

The latest report states, "Canadian artists have seen their sales increase since 2001. Sales of Canadian albums have increased from 6.8 million units in 2001 to 8.5 million in 2004, an increase of 25.3%. In contrast, foreign artists have seen their sales fall 20.2% over the same period. The result is a remarkable increase in Canadian artists' share of sales in Canada from 16% in 2001 to 25% in 2004."

News source: Slyck

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