After The Drop: Good Times Ahead For Recording Industry?

What’s to blame for the worldwide drop in retail music sales (the recording industry still sold $32 billion worth of music in 2003)? The industry blames “rampant piracy, poor economic conditions and competition from video games and DVDs. However, a strong second-half recovery in the United States, Britain and Australia, boosted by top-selling acts such as Justin Timberlake, BeyoncĂ© and rapper 50 Cent, has raised hopes that the worst is behind the beleaguered industry.”