Music sales boosted by DVD growth
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Global music sales are showing signs of recovery for the first time in four years thanks to DVD sales.
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In a natural extension of its live-event business, Clear Channel Entertainment is moving into the music DVD market this spring.
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Physical CD sales continue to drop, but sales of digital music are surging, according to data from Nielsen SoundScan. Digital music sales increased by 49 percent to 417 million.
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Buyers turned up in millions to grab their copies of the DVD and VHS&#39; of Mel Gibson&#39;s &quot;The Passion of the Christ&quot; as they went on sale in markets on Tuesday.
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As physical CD sales continue their  free fall, digital downloads again reached record sales figures  for the year.
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PC buyers can look forward to DVDs with up to 10 times the storage they now have when Hewlett-Packard rolls out machines supporting next-generation DVD technologies next year.
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The fourth quarter got  off to a bang in the home video world this week, with both  high-profile DVD releases that hit stores Tuesday -- "X-Men:  The Last Stand" and "The Little Mermaid" -- exceeding sales  expectations.
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Online music stores broke into the mainstream in 2004, with more than 200 million tracks sold in the United States and Europe, a tenfold increase from the previous year, according to data released on Wednesday.
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While sales of physical  albums plummeted during the first nine months of 2006, big  increases in the demand for digital tracks and albums have kept  the overall music business in line with last year's totals.
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The DVDs of the original Star Wars trilogy break a UK sales record after one day of release.
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The multimedia entertainment retailer doubles earnings despite poor book sales and video rentals.
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Although DVD sales are down this year, television series on disc have fared better than other categories, and sales of complete seasons are registering growth.
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"Pirates of the  Caribbean: At World's End" topped the DVD sales chart during  its first week in stores, while "Superbad" debuted at No. 2,  according to Nielsen VideoScan sales data issued Wednesday.
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A steady growth in legal music downloads continues while illegal file sharing networks also flourish, analysts say.
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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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U.S. sales of digital music albums  grew by 60 percent in the first six months of 2007 but failed  to offset the rapid sales decline of compact discs, according  to data from Nielsen SoundScan.
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Global online music sales rocketed in 2004, with a tenfold increase to more than 200 million paid-for downloaded tracks, a recording industry body said.