CD sales have not fallen, despite the fact that downloaders are buying fewer albums. That means that everyone is actually buying more albums, to make up the difference, and keep sales broadly static between 2002 and 2003. And don't forget that album sales have grown over the years to 2002, despite the Napster and Kazaa 'crises'. "Between 1998 and 2002, worldwide sales of recorded music fell by 18 per cent. Over the same period the value of sales in the UK rose by six per cent," the BPI said separately.
From The Register.
So in fact more CDs are being sold, rather than less. It would seem that the increase in Australia is higher still.
So what effect has P2P had then?