Friday, January 16, 2009

Global digital music up 25 per cent

SALES of legitimate digital music went up by 25 per cent in 2008, to about US$3.7 billion, according to trade body IFPI in a report.

Digital music industry now represents 20 per cent of the total music industry, as compared to 15 per cent a year ago.

Sales of single-track downloads grew 24 per cent while digital album downloads grew by 36 per cent.

However, what is worrying is that, the amount of illegal downloads still overshadowed the legitimate downloads by a HUGE margin -- about 95 per cent of the musics downloaded were illegal.

Full story:
http://www.guardian.co.uk/business/feedarticle/8267405

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