Avex's CD Sales Still Falling -- Blames it on CD Piracy

[fantaisie.sign]

Here's an article I found at JapanToday about Avex's continual CD sales decreasing:

Avex sinks into red on CD piracy, lower sales

Friday, November 15, 2002 at 18:00 JST
TOKYO — Major record label Avex Inc said Friday its group net balance for the six months to Sept 30 fell into the red as CD sales took a pounding from rampant Net-based pop music file swapping and CD piracy.

Avex, whose CD sales have long been supported by signed pop singer Ayumi Hamasaki, said the net loss came to 1.32 billion yen, a sharp downswing from a profit of 390 million yen in the corresponding period a year earlier. (Kyodo News)

(location: http://www.japantoday.com/e/?content=news&id=238724)

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My comment: Sales keep falling, but Avex keeps blaming it on Internet file sharing. Are they finally starting to realize that the CCCD really is a pointless addition to the CDs? Hopefully this won't affect the production of Ayu's CDs as much as it is now by decreasing the amount of remixes.