Monday, January 30, 2006
Digital Music Sales Tripled Last Year
Posted by Kent Pribbernow in "NEWS" @ 10:00 AM
"The market for digital music downloads via the Internet and mobile phones nearly tripled in 2005, accounting for 6 percent of total record industry sales, a sign anti-piracy efforts are working and digital music is catching on. The value of digital music downloads rose to $1.1 billion last year, up from $380 million in 2004, as music fans downloaded 420 million single digital tracks from the Internet, according to the International Federation of the Phonographic Industry (IFPI), in a report this week."
This news should come as no surprise to anyone who follows this growing market. The rise of legal music downloads parallels the decline of traditional CD sales. The message here, to the music industry as a whole, is follow or be left behind.
This news should come as no surprise to anyone who follows this growing market. The rise of legal music downloads parallels the decline of traditional CD sales. The message here, to the music industry as a whole, is follow or be left behind.
