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Did
you know, hip-hop music sales
made up 89.2 million, or
11.7%, of the 762.8 million
albums sold in the U.S. in
2001-ranking it the third
bestseller behind rhythm
&blues and alternative
music, according to Sound
Scan, a White Plains, New
York-based firm that monitors
U.S. album sales. At an
average of $12 per CD, that's
more than a billion dollars in
hip-hop music sales alone. The
Hip-Hop economy slumped in
2001 when the U.S. slid into
recession, but sales were more
robust in 2000, totaling 101.5
million of the 785.1 million
albums sold in 2000 for a
total of $1.2 billion. When
these revenues are combined
with clothing, film, and
television revenues, the
market grows exponentially. |