Skip to main content

Global Digital Music Sales Triple

Nearly offsetting a decline in physical music sales, digital music sales tripled in the first half of 2005 to account for 6 percent of total record industry sales, according to a report from the International Federation of the Phonographic Industry (IFPI). While digital music sales were up 6 percent in the first six months of the year -- to $790 million, from $220 million in the first half of 2004 -- physical music sales fell 1.9 percent to $13.2 billion.

The IFPI data includes the sale of a la carte song downloads, music subscription stores and mobile music services offering both full-track and master recording ringtones; sales data from monophonic or polyphonic ringtone sales were not included.

In the U.S., single track download sales were up almost threefold in the first half of 2005, to 159 million, while in the U.K., downloads increased tenfold during the period to 10 million, and similar robust download sales growth was also seen in Germany (8.5 million) and France (up fourfold to 4 million). Japan saw digital music sales of $133.4 million in the first half of 2005, the bulk of which (96 percent) came from mobile music sales.

"The digital music boom is continuing and it is growing at an exciting pace for the music industry, for online retailers and for consumers. More and more people in a growing number of countries are turning to the new legal ways of downloading music on the internet or via mobile phones," said IFPI chairman and CEO John Kennedy.

Popular posts from this blog

Digital Grids Reshape the Future of Electricity

What was once a simple, unidirectional flow of electricity from centralized power plants to passive consumers is evolving into a complex, intelligent network where millions of distributed resources actively participate in grid operations. This transformation, powered by smart grid technologies, represents one of the most significant infrastructure shifts of our time. It promises to reshape how we generate, distribute, and consume energy. At its core, the smart grid represents far more than mere digitization of existing infrastructure.  This bi-directional capability is fundamental to understanding why smart grids are becoming the backbone of modern energy systems, facilitating everything from real-time demand response to the integration of renewable energy sources. Smart Grid Market Development By 2030, smart grid technologies are projected to cover nearly half of the global electrical grid, up dramatically from just 24 percent in 2025. This expansion is underpinned by explosive gr...