Skip to main content

Digital Music Purchase Type Vary by Region

Digital music sales almost tripled around the world last year, reaching $1.1 billion in value, but that growth could not prevent a 3 percent drop in overall global sales to $21 billion, according to record industry figures.

Digital sales were reported officially for the first time in the International Federation of the Phonographic Industry's (IFPI) annual world sales figures, released Friday, which showed an almost even split between online and mobile phone customers along distinct regional lines.

Mobile device-related sales led the way in Japan and certain territories in continental Europe, while the U.S., U.K. and Germany leaned toward online home purchasing, the IFPI report said.

Popular posts from this blog

How AI Transforms Financial Decision-Making

Artificial intelligence (AI) has emerged as a transformational force, reshaping business processes and unlocking new possibilities for efficiency and innovation in corporate finance. The latest Gartner survey on AI usage in finance provides evidence of this emerging trend, offering valuable insights into the future growth trajectory of AI in finance. The Gartner survey reveals a significant milestone. As of 2024, 58 percent of finance functions actively use AI technology -- that's a substantial increase from previous years. Artificial Intelligence Market Development Perhaps even more telling is the projection that by 2026 more than 80 percent of finance functions are expected to be leveraging AI solutions. The survey sheds light on the use cases of AI in finance: AI is being deployed to enhance forecasting accuracy and provide deeper insights into financial trends. Automation of routine tasks and improved accuracy in financial reporting are key benefits observed. AI algorithms are
Read more