Album sales in Hong Kong have dropped from HK$900 million in 1995 to only HK$200 million in 2004, a 70 percent decrease in 10 years.

The industry is dwindling at a fast pace, as the survival of record companies is becoming more and more difficult.

Even the biggest record companies are being forced to merge with others to save costs.

Thus, speculations abound that less famous singers in the industry will be fired. Even mega stars like Eason Chan, Hacken Lee and Jacky Cheung may be forced to compete for the remaining secure spots.
 
(CRI December 28, 2006)