Monday, October 3, 2005
Online music sales way up
In just one year, sales of downloaded music have more than tripled, the Associated Press reports. Digital music sales reached $790 million in the first half of this year, compared to $220 million for the first half of 2004. Even though the $790 million figure is just 6% of overall industry sales, it's "helping offset a continuing decline in CD sales and other physical formats," according to a report from the London-based International Federation of the Phonographic Industry. "The digital boom, which now exceeds the value of the global singles market, was largely driven by sales in the top five markets - the US, Britain, Japan, Germany and France," according to the AP. For more on digital music, see "File-sharing realities for families."
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