The two most popular music genres in terms of retail sales over the past 10 years are pop and rock. According to Music & Copyright, retail sales of pop music stood at US$7.4 billion in 2009, while retail sales of rock music stood at US$6.5 billion. In terms of revenue share, pop accounted for 29.2% of global music-retail sales last year, with rock taking a 25.7% share.
The closeness of the two genres at the end of the last decade was also apparent at the beginning. In 2000, pop had a global sales share of 27.8%, with rock at 22.7%. Despite a difference in year-to-year share performance, the retail-sales decline of the two genres in the previous decade has been fairly even: For pop, retail sales decreased 27.7%, while retail sales for rock fell 22.1%. However, both genres outperformed total music-retail sales, which fell 31% in 2009, to US$25.4 billion, from US$36.9 billion in 2000
With pop and rock accounting for a combined retail-sales share of 55% in 2009, other genres have clearly underperformed when compared with the global sales decline. Music & Copyright has found that the retail value of rap/hip-hop sales dropped almost 50% between 2000 and 2009. It should be noted that the performance of particular genres of music that are more popular in some larger markets, such as the US and Japan, will also be reflected on a global level because of the high share of retail sales in those markets. However, rap/hip-hop has received criticism in recent years, particularly in the US, for its close association with violence.
In the mid-1980s, the term "indie" began to be used to describe the music produced on post-punk labels rather than the labels themselves. The indie rock scene in the US was prefigured by the college rock that dominated college radio playlists which included key bands like R.E.M.from the US and The Smiths from the UK. These bands rejected the dominant synthpop of the early 1980s and helped inspire guitar-based jangle pop
In the 2000s, the changing music industry, the decline in record sales, the growth of new digital technology and increased use of the internet as a tool for music promotion, allowed a new wave of indie rock bands to achieve mainstream success. This new commercial breakthrough and the widespread use of the term indie to other forms of popular culture, led a number of commentators to suggest that indie rock has ceased to be a meaningful term.
Charlie Quirke
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