Digital Music Market Doubles

• Posted: Wednesday, January 24, 2007
• |
• Author: pradhana
• |
• Filed under: Digital Content, Market Survey, Mobile Content, Mobile Services, White Space

Digital music sales are jumping.

New reports from two major research sources indicate that worldwide digital music sales are continuing to climb.

Nielsen SoundScan captured more than 675 million digital track sales worldwide in 2006, with nearly 600 million digital track sales in North America alone, up from 359 million in 2005. The IFPI "Digital Music Report 2007" estimates that worldwide digital music sales revenues doubled in 2006 to around $2 billion.

As record companies continue experimenting to find the right balance of distribution models and digital music products, digital sales already account for roughly 10% of the music market.

"The record industry today has evolved into a digital thinking, digitally literate business," said IFPI CEO John Kennedy. "We expect at least one quarter of all music sales worldwide to be digital."

Read more

• Permalink
• RSS 2.0
• 
• 
• 
• 
•