Let the fire sales on digital music begin
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Apple has announced that it will drop prices on its DRM-free AAC downloads to $0.99, the same price as all other single-song downloads. Amazon responded by giving its affiliates a 20% cut of all sales.
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p2pnet.net News:- Is digital music finally going mainstream? According to market research firm IDC, the MP3 portable market will boom over the next five years into a $58 billion industry.
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After painfully slow sales last month, the music industry finally has a hit: âSleep Through the Staticâ (Brushfire), by Jack Johnson, above, sold 375,000 copies last week â more than six times the sales of the top album the week before â to reach No. 1 on the Billboard chart. It set a record for the most digital sales in a single week, with 139,000 copies, or 37 percent of its total, according to Nielsen SoundScan. In a week busy with high-profile releases, Sheryl Crowâs âDetoursâ (A&M) opened at No. 2 with 92,000 sales; Lenny Kravitz moved 73,000 copies of âIt Is Time for a Love Revolutionâ (Virgin) to bow at No. 4; and K. D. Lang is No. 8 with her new âWatershedâ (Nonesuch), selling 41,000. Last weekâs No. 1, Alicia Keysâs âAs I Amâ (J), dropped two spots with 80,000. Any sales bumps after last Sundayâs Grammy Awards would be reflected in next weekâs chart.
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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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MIAMI/LOS ANGELES (Billboard) - After years of modest  results, the digital marketplace in 2007 finally began to yield  considerable revenue streams for Latin labels and acts.
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The Zune, Microsoft's much-hyped answer to Apple's trend-setting iPod, had a good first four days of sales, says a leading research firm. But consumer electronics analysts don't think Apple has anything to worry about. The NPD Group, which tracks sales at most top retailers, says the Zune digital music device had a 9% market share in its first sales days Nov. 14-18, compared with 63% for Apple. The research firm hasn't reported sales for the all-important Thanksgiving holiday selling weekend.
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Album sales have continued their downward slide this year, but sales of digital tracks are up almost 50 percent over this time last year.
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Apple Computerâs iTunes Music Store sold its 150 millionth song in mid-October, another milestone in its push to stay ahead of digital music rivals such as Microsoft and Dell.
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Sales of portable MP3 digital-audio players are booming and are set to generate US&#36;58 billion in revenue worldwide by 2008, according to a new study from research firm IDC.
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Digital music sales surged at Apple  Computer Inc.'s  iTunes service over the first nine  months of 2006, Piper Jaffray said on Wednesday, contradicting  a report that sales collapsed in the first half.
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Retailer Play.com is planning to open its own digital music store which will sell DRM-free tracks for between 65 and 70 pence.
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Digital music, distributed online or by mobile networks, accounted for $2.9 billion in sales worldwide, up from $2.1 billion a year earlier, the industryâs international trade group said.
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Sales of MP3 players are rocketing, fuelled by falling unit prices, integration of MP3 support into a wider range of devices and the creation of legal music download websites.
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Around 100,000 copies of the new Band Aid single were sold on its first day of release yesterday, according to estimates. Eager shoppers were queueing before stores opened to get their hands on the CD; HMV opened up an hour early to accomodate the demand.
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Buying music used to be simple: You coughed up $14 or so for a CD, and as long as you didn&#39;t bootleg it or charge crowds of people to listen to it, the music was yours.
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Buying digital music can be confusing. On one hand, you have an alphabet soup of acronyms, all referring to varying formats. On the other hand, you have a slew of online retailers, each furiously competing for your hard-earned music dollar. And in the middle, you have an avalanche of players, each of which offer different features and work with different formats.
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Digital music battle continues, as Real undercuts ITunes' prices.