Digital music doubled in 2006 - 10% of all music sales

A new International Federation Of The Phonographic Industry report confirms that global digital music sales almost doubled in 2006 so that they were worth over $2 billion - and about 10% of all music sales. Some 795 million tracks were downloaded from nearly 500 legitimate online music services in 40 countries - an 89% increase on 2005. The trade body now reckons the growth will continue so that digital accounts for a quarter of worldwide music sales by 2010.

But, and it's a crucial but, the report also confirms that, even with the recent boom, digital sales were not fully compensating for the slump in physical CD sales, meaning that overall music sales were down - by 4% in the first half of last year.

Posted by melvin | Jan 19, 2007 @ 2:56 PM | Comments (1)

 

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I wonder how much more they make now that they are providing digital files, rather than mass-produced jewel cases and inserts? Seems that they would want that fugure to grow far beyond 25% of worldwde sales.

The recording industry will always cry that sales are down, it's the only way for them to get anyone to sit on their side against the illegal downloaders. I think that they need to start looking for better artists,and stop overpaying the likes of Britney and Paris Hilton for bad pop mickwap.

pazen :: January 20, 2007 7:07 PM

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