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Report: 2005 Global Digital Music Revenues Triple to $1.1 Billion

Authored by Mark Hefflinger on January 19, 2006 - 3:35am.
London - Global digital music sales tripled in 2005, to $1.1 billion, or 6% of record companies' revenues, as consumers downloaded 420 million songs from online retailers and mobile phone networks, according to a report from the International Federation of the Phonographic Industry (IFPI). Ringtones and mobile song downloads generated over $400 million, or 40% of digital music revenues. The IFPI noted that there are now over 2 million songs available for purchase online, from 335 legal download sites -- up from 50 two years ago. The industry's ongoing fight against file-sharing and piracy is having some effect in the U.K. and Germany, the IFPI said, where 6% of Internet users now regularly pay for digital music, as compared with 5% who use illegitimate file-sharing services. The group said that record labels have now filed nearly 20,000 lawsuits against file-swappers in 17 countries.
http://www.ifpi.org/site-content/press/20060119.html
tags: Reports | Revenues | Triple | Digital Music |



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