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It seems that more music (as singles) has been legally downloaded than purchased through other means.
More than 150,000 downloads were sold last month, exceeding sales of 12-inch, seven-inch and DVD singles, the Official Charts Company reported.
Album sales are also looking good.
Between 1998 and 2002, the last full year for which data was available, worldwide sales of recorded music fell by 18%. Over the same period the value of sales in the UK rose by 6%.
But not all is sunshine and light in the land of boiled cabbage. Single sales are starting to suffer. The author of the article suspects "elastic pricing" to be the culprit.
So what does this mean overall? Well, when I put both of these pieces together, it tells me that legally downloaded music is the largest segment of growth in a shrinking market. Um, bravo?
Posted by Casper at February 11, 2004 05:07 PM