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Contact:                              

Ken Sunshine, 212.691.2800                      

Susan B. L'Ecuyer, 856.596.2221    

                

NARM President Pamela Horovitz
Statement On IFPI Sales Figures

  NARM is issuing the following statement by President Pamela Horovitz in response to today’s release of the IFPI’s mid-year global music sales figures, and analysis, which reported recorded music sales down by 5% in the first half of the year 2001:

“American retailers have also anecdotally been reporting soft sales on music for the first half of the year, though NARM does not publish mid-year figures. In evaluating sales patterns, retailers look first at the strength of the release schedule and compare it to the titles released in the first half of the previous year. This year, most retailers agree that, except for ’NSync, we are still waiting for most of the big titles of the year to ship. Second, we would agree with Jay Berman’s assessment that consumers are engaging in CD-burning and file sharing on a massive scale. However, we don’t choose to characterize our own customers as the problem. We think the problem lies with the record companies.  Instead of offering either singles or downloads through legitimate retailers, they offer neither, and simply increase the price on CDs.  Retailers could have been competing with CD-burning and file sharing if they had been given the chance.”

      NARM serves the music retailing community in the areas of advocacy, networking, information, education, and promotion.  The Association’s more than 1,000 members include retailers, wholesalers, distributors, and suppliers of products and services.  


 

National Association of Recording Merchandisers
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phone 856.596.2221 / fax 856.596.3268
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