Wednesday December 27, 2006 Hong Kong Album sales in Hong Kong have dropped from 900 million in 1995 to only 200 million in 2004, a 70 percent decrease in 10 years. The industry is dwindling at a fast pace, as the survival of record companies is becoming more and more difficult. Even the biggest record companies are being forced to merge with others to save costs. Thus, speculations abound that less famous singers in the industry will be fired. Even mega stars like Eason Chan, Hacken Lee and Jacky Cheung may be forced to compete for the remaining secure spots. credits: crienglish, asianfanatics.
Maybe the decrease in sales is somewhat caused by sharing of music files online. O well, its their problem. -scooter
Isn't china the biggest pirates in the world? with so many ppl, they still can't sell more than 200 mil? The prob pirated all the stuff and sold it in China, cause there is very little regulations over there.
I wholeheartedly agree with you there ang! Hong Kong artists are getting worse and worse; very few of them can actually sing; it is more about the profits than about the passion for music, as it is here in North America or Europe. Look... Hong Kong artists churn out CDs by the masses. I swear, artists like Eason and Twins for example, have released 5 albums (each! haha) this year. This shows how little thought they put into the album itself, as artists over here in the occidental world release CDs about once a year. Hong Kong artists rush through the process, resulting with the release of crap-ass quality albums. And yes, piracy in general - all around the world - has lead to an overall decline in CD sales. Of course, why would anyone pay for shitty overpriced music when you can just download it.
