Digital Music Market Swells to $1 Billion
“Digital music sales tripled last year to $1.1 billion as consumers downloaded 420 million tracks, boosting digital receipts to 6 percent of the music industry’s revenue as it combats an overall sales slump.
“Boosted by the global purchase of 60 million portable digital music players, downloads accounted for 60 percent of 2005 digital sales while ring tones and songs for mobile phones comprised 40 percent, the London-based International Federation of the Phonographic Industry said today in a report. Digital sales totaled $380 million in 2004.”
Bloomberg. Digital Music Sales Tripled in 2005 to $1.1 Billion. Jan. 19, 2006.
International Federation of the Phonographic Industry. Global Digital Music Sales Triple to US$1.1 billion in 2005 As New Market Takes Shape. (Press Release) Jan. 19, 2006.
International Federation of the Phonographic Industry. The Digital Music Report 2006 – Facts and Figures. Jan. 19, 2006.
International Federation of the Phonographic Industry. IFPI Digital Music Report – Executive Summary. Jan. 19, 2006.
Laurence Frost. Music Sales Resumed Decline in 2005. Yahoo! News. Jan. 22, 2006.
CopyCense™: K. Matthew Dames on the intersection of business, law and technology. A business venture of Seso Digital LLC.