A Laboratory of the Future Human Experience
Digital music revenues grew 23.6% year-on-year.
For the first time the amount of money made from digital music services has outstripped the sale of traditional CDs and records, according to first quarter revenue figures from music industry trade body BPI.
Continue reading… “Digital music spending accounts for 55.5% of total music sales”
48% of teenagers bought no CDs at all in 2007, up from 38% in 2006. Music downloads continue to grow, though, with iTunes leading the way.
The illegal sharing of music online continued to soar in 2007, but there was one sign of hope that legal downloading was picking up steam. In the last year, Apple Inc.’s iTunes store, which sells only digital downloads, jumped ahead of Best Buy Co. to become the No. 2 U.S. music seller, trailing Wal-Mart Stores Inc.
Continue reading… “48% of Teenagers Bought No CDs in 2007”