Thursday, January 24, 2008

Digital music sales up 40% in year

From The Globe And Mail - Record companies' revenue from digital music sales rose 40 per cent to $2.9-billion (U.S.) over the past year, but the growth is still failing to cover losses from collapse of international CD sales, the music industry's global trade body said Thursday.

The International Federation of the Phonographic Industry, or IFPI, said the increase in legitimate music sales did not come close to offsetting the billions of dollars being lost to music piracy, with illegal downloads outnumbering the number of tracks sold by a factor of 20-to-1.

But the trade group said it welcomed efforts by French President Nicholas Sarkozy, who has proposed a clampdown on those who violate copyright laws.

Mr. Sarkozy called in November for Internet service providers in France to automatically disconnect customers involved in piracy. | Read full article

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