As promised in my piece the other day. I went searching around the ‘net for that info on the 12,000 fewer new CD titles released by the recording industry. I found this article over at MacWizards Music. It’s not the one I read before, but does have some interesting figures pulled from the RIAA own reports and other sources.
“So the record industry cut their inventory (and artist investment) by 25 percent and sales only dropped 4.1 percent, even though the economy is at rock bottom. There were almost 12,000 fewer new releases for the consumer to choose from in 2001 than 1999. The record companies are making more money per release than ever.”