Skip to main content

UK Digital Music Download Sales Accelerate

Retail sales of artist albums in the U.K. were up 1.5 percent year to year to 27.9 million units in the first quarter of 2006, according to latest industry figures.

Trade body the British Phonographic Industry (BPI) said in a statement that the switch to digital purchase of music had occurred faster than expected with digital download sales up 152 percent on the same period in 2005.

Digital sales of single recordings totaled 11.5 million units in the three-month period, making up 78 percent of all singles purchased compared to 44 percent in the same period in 2005 and a mere 4 percent in 2004. Two weeks ago, R&B act Gnarls Barkley scored the first U.K. No. 1 for a single, "Crazy," from digital sales alone.

BPI said that music DVD sales were up by 33 percent in the quarter with more than 1.5 units sold. It said the DVD market is now larger than singles, generating �63.3 million in trade value in 2005 compared with �55.5 million from singles.

Popular posts from this blog

Financial Inclusion Through Digital Wallets

The digital wallet evolution represents far more than a convenient alternative to carrying physical payment cards or cash. What began as a pandemic-driven necessity has evolved into a fundamental reimagining of financial services delivery. As these platforms mature into comprehensive financial ecosystems, they're addressing one of the most persistent challenges in modern commerce: ensuring that everyone can participate in the Global Networked Economy . Digital wallet transactions surged 110 percent between 2020 and 2025, propelled initially by health concerns but sustained by genuine value creation. Juniper Research projects the user base will expand from 4.5 billion in 2025 to 6 billion by 2030, representing more than three-quarters of the global population. Digital Wallet Market Development What makes this expansion compelling is the diversity of wallet architectures emerging to serve different market needs. Open-loop systems like PayPal have achieved global reach through their f...