Digital music sales take off

Feb 28, 2008 | Uncategorized

New data from Point Topic shows that digital music sales now account for nearly 30% of the US market and 20% of the European market, writes VNUnet.com. Total revenues from digital sales grew 40% during 2007 to reach $2.9bn with revenues split roughly 50/50 between internet and mobile sales. Legal music downloads also grew during […]

New data from Point Topic shows that digital music sales now account for nearly 30% of the US market and 20% of the European market, writes VNUnet.com. Total revenues from digital sales grew 40% during 2007 to reach $2.9bn with revenues split roughly 50/50 between internet and mobile sales. Legal music downloads also grew during 2007, rising 53% to reach 1.7bn single music tracks.
In the UK the Entertainment Retailers Association new digital group (ERA Digital) predicts that digital music sales will surpass £160m during 2008. ERA Digital’s figures found that album download sales in January reached £4.5m up 76% on January 2007. Single track downloads accounted for £6.3m in January as unit sales rose 45% year-on-year. If trends continue ERA Digital expects album download sales to total £69.4m this year, with single track downloads reaching £96.4m.
From VNUnet.com: http://www.vnunet.com, 27/02/2008
Point Topic: http://www.point-topic.com
ERA: http://www.eraltd.org

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