'Top manta' pirates hit record sales
25 January 2005, MADRID- The so-called 'top manta' record pirates have reduced music sales in Spain by over 12 percent.
25 January 2005
MADRID- The so-called 'top manta' record pirates have reduced music sales in Spain by over 12 percent.
Record sales in Spain amounted to USD400 million in 2004, a 12.6 percent drop with respect to the previous year and 32 percent below annual sales figures at the beginning of the decade.
Culture Minister Carmen Calvo and record industry bosses held a meeting to plan how to win sales back from the 'top manta' pirates to be found selling 'burned' CDS from 'mantas' or blankets on most street corners across Spain.
Antonio Guisasola , head of record industry association Promusicae, said: "The new technologies are changing the rules of the game.. (resulting in) new challenges for those ... in the value chain of music, from the artist and the producer to the administration."
Guisasola also complained of piracy, noting that the 9,000 street venders operating in Spain sold one out of every four records last year for total sales of more than USD 61 million.
In the government's 'white paper', online piracy is deemed even more harmful to record companies' revenues although concrete figures are not available to quantify the income lost to the Spanish music industry by this practice.
The main consequence of the fall in music sales has been the reduction in revenues and the resulting cutting of music companies' payrolls by up to 20 percent between 2000 and 2003.
Calvo said that the government views piracy as a problem for the state and hopes this year to finish preparing a plan to fight it and to reform the country's intellectual property laws.
[Copyright EFE with Expatica]
Subject: Spanish news