Tag Archive: IFPI

The International Federation for the Phonographic Industry reported today that worldwide digital music sales tripled in 2005 to $1.1 billion, up from $380 million in 2004, with spending split roughly 60-40 between online music services like Apple’s iTunes Music Stores and mobile phone ringtones.

Based on the IFPI’s figures, digital music sales would account for approximately 6 percent of the music industry’s worldwide revenue. However, while the IFPI finds that overall music revenue is still declining year-to-year, the IFPI contents legitimate music services are now pushing back against illegal file-sharing services. “Already in the UK and Germany

The International Federation of the Phonographic Industry (IFPI), a UK-based international organization representing the recording industry, reported today that, during the first six months of the year, growing demand for digital music via the Internet and to mobile phones nearly offset the years-long decline in worldwide music sales in physical formats. For the first half of 2005, the IFPI estimates the retail value of digital music sales totalled some $790 million, up from $220 million during the first half of 2004. This revenue accounted for approximately 6 percent of the $13 billion worldwide music market.  Read more...