Tag archive: emerging digital music

The London-based International Federation of the Phonographic Industry (IFPI) (basically the U.K.'s equivalent of the RIAA) has published a new report in which is estimates that digital music sales accounted for about $2 billion in overall revenue for the music industry—that figure represents a doubling of the market compared to 2005, in which overall digital music revenues were around $1 billion. According to the IFPI, digital… Read More

From Apple's press release: Apple today announced that music fans have purchased and downloaded over 50 million songs from Apple's iTunes Music Store, not including songs redeemed from the currently-running Pepsi iTunes promotion. The 50 millionth song, purchased last Thursday afternoon, was "The Path of Thorns" by Sarah McLachlan. iTunes users are now downloading 2.5 million songs per week, which is an annual run rate of… Read More