Thursday January 19, 2006

Digital music sales booming

Digital music sales boomingAccording to a report by the International Federation of the Phonographic Industries, digital music sales brought in $1.1 billion US for record companies.

The report included a comprehensive review of the development of the digital music market internationally showing that Germany and the UK had more legal music downloads than illegal showing that the market is getting to a point where it is affordable enough that the cost of legal downloads outweigh the threat of legal action.

420 million single songs were downloaded last year marking a 2000% increase from only 2 years ago. This probably owed in part to the increased number of digital music being licensed, now up to 2 million songs.

Surprisingly mobile music (as in extra short ring tone music) makes up about 40% of digital music profits, either showing that is a service which more people are subscribing to, or the profit greatly outweighs

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