Digital music sales up worldwide
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Record companies' revenue from digital music sales rose 40 percent to $2.9 billion over the past year, but the growth is still failing to cover losses from collapse of international CD sales, the music industry's global trade body said Thursday.
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Booming online music sales will help the record industry recover - but not until 2011 warns a report.
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Amazon.com will start selling MP3 music files through its international Web sites this year, the company said Sunday. But details of the company&#39;s plans to expand its&#160;digital music service&#160;remain scarce.&quot;We have received thousands of e-mails from Amazon customers around the world asking us when we will make Amazon MP3 available outside of the U.S.,&quot; Bill Carr, Amazon&#39;s vice president of digital music, in a statement.Amazon began selling&#160;MP3 files without digital rights management technology&#160;on its U.S. Web site in September 2007, at prices ranging from $0.89 to $0.99 per song, and $5.99 to $9.99 per album. The company&#39;s catalog includes 3.3 million songs from 270,000 artists, it said.Details of Amazon&#39;s plans to expand sales of MP3 into markets outside the U.S. remain unclear. The company did not say when this year it would start selling MP3 music files outside of the U.S., and did not specify whether the service would be available in all countries where Amazon operates.Besides the U.S., Amazon has online stores in the U.K., Germany, Japan, France, Canada, and China.
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Online music sales in Europe and the United States rocketed in 2004, with a tenfold increase to more than 200 million downloaded tracks purchased, a recording industry body said.
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A swing to growth in U.S. album sales  and surging consumption of music on DVD helped slow the decline  in first-half global sales of recorded music, the trade body  for the world's largest record companies said on Thursday.
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iTunes' dominance in the music industry continues to grow, data from the NPD Group showed Friday. Apple surpassed Amazon as the third largest retailer for music sales in the first quarter of the year, with 9.8 percent of the overall market.
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A swing to growth in U.S. album sales and surging consumption of music on DVD helped slow the decline in first-half global sales of recorded music, the trade body for the world's largest record companies said on Thursday.
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EMI has seen download music sales rise by almost 600% in the six months to the end of September, and says they are becoming a major part of its business.
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More people would buy digital music if hi-tech locks were removed, say music executives.
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The market for digital music on the Internet and mobile phones boomed in 2004, according to a report released Wednesday that showed the global recording industry collecting significant revenues from the segment for the first time.
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New music industry data show the number of U.S. albums sold last year tumbled 9.5 percent from 2006, even as the number of digital tracks sold soared by 45 percent.
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EMI sees download music sales rise by nearly 600% in the six months to the end of September and says they are becoming a major part of its business.
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Away from the headlines of job  losses, grumbling artists and falling global sales, the music  industry is trying new business models to boost digital sales  and offset the decline in CDs.
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Digital music is ramping up, but Jupiter Research reports that the venerable CD will remain the best-selling format throughout the remainder of the decade.
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CANNES, France  - Away from the headlines of job  losses, grumbling artists and falling global sales, the music  industry is trying new business models to boost digital sales  and offset the fall in CD sales.
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Record labels need the digital  music market to take off. So why aren't they helping it any?
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DENVER (Billboard) - There is a reason people still buy CDs  more than they do digital albums. Actually there are several,  but viruses that come along with music via peer-to-peer sites  (P2P) and a concern over digital rights management (DRM) aren't  the only culprits.