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Business News Labels & Publishers
RIAJ releases surprisingly positive figures
By CMU Editorial | Published on Thursday 28 April 2011
The Record Industry Association of Japan has released figures for physical audio and video shipments in the country in the first quarter of the year, and the decline of the former has slowed while the latter saw a sales increase. Which is nice. For the Japanese video industry.
Following big slides in recent years, audio shipments were only down 6% in volume and 8% in value at the start of 2011, compared to falls of 10% and 16% respectively in the same quarter of 2010. In the video/DVD market shipments rose 4% in volume and 2% in value.
The recession in Japan, it’s claimed, explained why 2010’s figures were so depressing, with the RIAJ saying the new figures are a sign their industry is again enjoying some stability. Spokesman Masaki Suenaga commented: “More than saying this was a great quarter, I think it shows that the past few years have been poor and this is more the norm”.
