Post by Luco El Loco on Jan 25, 2005 19:11:20 GMT
Sales of legally downloaded songs have shot up more than tenfold in 2004, with 200 million tracks bought online in the US and Europe in 12 months.
The global music industry has hailed the increase as a sign the digital music market has "taken off".
A million songs are now available to buy on legal sites, according to an International Federation of the Phonographic Industry (IFPI) report.
IFPI boss John Kennedy said: "At last the threat has become the opportunity."
Sound story
Legal downloads from the 230 online music stores that now exist generated $330m (£175m) for the music industry in 2004. The IFPI expects that figure to double in 2005.
The popularity of mobile music players such as the Apple iPod, were behind this growth said Mr Kennedy.
During 2004 about 25 million portable players were sold, 10 million of which were Apple iPods.
He predicted that, in 2005, mobile phones that can store lots of tracks would debut and services which stream music to mobiles would become more widespread.
Some analysts believe that, by 2010, 25% of record company revenue could come from digital sales - up from 1-2% now.
...
...
Almost half of 16-29 year-olds questioned in December 2004 by the IFPI could name several legal music download services.
The global music industry has hailed the increase as a sign the digital music market has "taken off".
A million songs are now available to buy on legal sites, according to an International Federation of the Phonographic Industry (IFPI) report.
IFPI boss John Kennedy said: "At last the threat has become the opportunity."
Sound story
Legal downloads from the 230 online music stores that now exist generated $330m (£175m) for the music industry in 2004. The IFPI expects that figure to double in 2005.
The popularity of mobile music players such as the Apple iPod, were behind this growth said Mr Kennedy.
During 2004 about 25 million portable players were sold, 10 million of which were Apple iPods.
He predicted that, in 2005, mobile phones that can store lots of tracks would debut and services which stream music to mobiles would become more widespread.
Some analysts believe that, by 2010, 25% of record company revenue could come from digital sales - up from 1-2% now.
...
...
Almost half of 16-29 year-olds questioned in December 2004 by the IFPI could name several legal music download services.
more
Whilst I'm obviously thrilled that legal downloading is working...
well I can't say I'm a fan of piracy but I really don't get the deal with downloads, anyway... what I find more interesting is the data about 16-29 year olds... am I living in the dark ages or am I wrong to think that everyone now can afford the technology they say we do?Whether you share my scepticism over the information and data samples or not, feel free to discuss any part of the article you find of interest.
