StatsCan Figures Illustrate Canadian Music Industry Woes

STATISTICS CANADA's latest report on the Canadian music industry paints a grim picture of declining sales. STATSCAN's report says that overall music sales fell to C$708.7 million in 2003, off 20.5% since 1998, declining steadily over a six year span. Canadian artists also fell from C$154 million in 2998 to $110 million in 2003. Rock and pop music lost market share over the same period, from 73% to 67% of all sales. STATSCAN blames the drop on illegal downloading/swapping and increased media competition.

Read more from STATSCAN by clicking here.

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