7digital: MP3 Downloads Outselling Other Formats Almost 4-to-1

Authored by Mark Hefflinger on November 8, 2007 - 12:12pm.

London - Digital music retailer 7digital said on Thursday that DRM-free MP3 downloads are out-selling other formats offered on its site by almost four-to-one, where MP3 is offered alongside WMA. The company added that its service offers over 60% of its more than three million-track catalog in MP3 format, and expects that proportion to increase to close to 100% by next summer. "As physical sales on the high-street and online continue to drop, it is vital that labels find a way to increase digital album sales to make up the shortfall," said 7digital managing director Ben Drury. "In order for music industry revenues to flourish again, all four majors need to get on board and make music available to the consumer in the format of their choice."

 

Related Links:
http://www.7digital.com

tags: Music | MP3 | DRM | Retail | 7%% |

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