Not Facing The True Issue
Live music concerts raked in some $68 million in ticket sales last year, an increase of $26 million over the previous year. According to Compass (Composers and Authors Society of Singapore), the growth suggests that consumers still prefer consuming live music, despite the availability and easy-accessibility of digital music.
However, could it just be that music piracy is so prevalent in Singapore that resulted in the 23% decline in sales last year, and that there are no methods for pirating live performances?
It is probably also because promoters have been bringing bigger acts into town. International artists also know that faced with declining recorded music sales, they need to go on tour and depend more on ticket sales for concerts to supplement their income.
Just recently, it was reported that 50% of Singaporeans who access the Internet download music illegally.
Is it just that people are no longer spending on recorded music (by pirating the recordings) and using that pool of money for concerts? Even so, is the gain in ticket sales making up for the decline in sales for recorded music? I doubt so.
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