Global sales of digital music triple to $1.1 billion in 2005

20 Jan 06 15:06 by Crabbyappleton in category Uncategorized To news archive

According to the International Federation of the Phonographic Industry or IFPI, during 2005, 2.8 million people legally downloaded some 420 million tracks – with iTunes leading the pack in a pool of 21 countries. According to figures they have given, the Apple music store has uploaded a staggering 850 million tracks since 2003! Another factoid of interest from the IFPI Digital Music Report 2006, is that mobile phones account for some 40% of digital music revenues.

Speaking at a news conference to launch the report, IFPI chairman and CEO John Kennedy said that legal downloading in the U.K. and Germany from such sites as iTunes, Musicload and MSN exceeds that from illegal file sharing. “Predictions are always dodgy, but I do believe that by 2010, digital music will comprise 25% of global revenues,” Kennedy said.

“This is great news for the digital music market and the wider digital economy. Record companies are licensing their music prolifically and diversely. A new wave of digital commerce, from mobile to broadband, is rolling out across the world,” Kennedy said.

So, can the music industry stop the RIAA type lawsuits already and free up the courts for the trying of dangerous criminals? Apparently not, in fact it is now more important than ever to the IFPI to pursue the legal jihad against the public. In this statement from John Kennedy he states: “The challenges we now face are far too big for complacency. In particular, we need more cooperation from service providers and music distributors to help protect intellectual property and contain piracy,”.  

Source: Washington Post

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2 Comments

CORRSA
Posts: 298
Posted on: 20 Jan 06 18:05
wow thats a lot of bread considering piracy is crippling the world lol
C4st13v4n14!
Posts: 43
Posted on: 20 Jan 06 23:43
Meanwhile, children are starving in Africa and Asia.

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