10
Apr
11

Hope for Taiwans Recording Industry…

I’ve read in a couple of sources that the size of the Taiwan music recording industry in terms of revenue is roughly one tenth of its former self of the 90’s. Even in the 90’s priracy was a problem with the illegal distribution of pirated copies but in the internet era illegal downloading is just rampant:

 

“Citing statistics from the International Federation of the Phonographic Industry, Chang previously noted that, despite Taiwan’s top-notch domestic talents and thriving music scene, total music revenue dropped sharply from NT$13 billion [US$442.3 million] in 1997 to NT$1.5 billion [US$51 million] in 2008 – with piracy and illegal downloads mostly to blame.”
 

However, in one of my latest blog readings there’s apparently a glimmer of hope with all the top labels and orgs getting behind a website called “omusic.com.tw” with the aim of supplying legal music to the Taiwanese and Chinese consumer. But it’s hard to compete with free…

 
And here’s a quote from the Omusic Chairman: “Omusic sets the precedent for the cooperation of music labels in Taiwan, as we work together to hopefully revamp the country’s digital music ecosystem and to further influence the market in Mainland China. With full support from the artists, record labels, music copyright industry, music industry groups and telecom operators, Omusic’s comprehensive digital-music platform hopes to help take Taiwanese pop to the forefront of the licensed online music market across Greater China.”

Omusic Launches Chinese-Language Online Music Store

http://www.hughsnews.ca/omusic-launches-chinese-language-online-music-store-0018043

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