Digital Music Sales Up Worldwide
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LONDON -- 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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More than 200 million music tracks were downloaded legally in the United States and Europe in 2004, up from 20 million the year before, a music industry trade group said Wednesday.
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EMI signalled today it was winning the war against piracy after sales of downloaded music surged six-fold over the summer. The group unveiled profits of Â£36.9million for the six months to September 30, up 9% on a year ago.
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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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Britain's battered music sector got some good news on Monday as second-quarter album sales grew, legal music downloads gained momentum and sales of CD singles -- a format nearly given up for dead -- bounced back.
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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.
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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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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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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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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 Thursday.
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Led by Usher's blockbuster release  "Confessions," U.S. album sales rose nearly 2 percent in 2004  -- posting their first gain in four years even as digital music  downloads continued to explode, Nielsen SoundScan reported on  Wednesday.
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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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Apple has done extremely well in the digital music market. They sell the largest number of portable digital music player in the form of iPod and they sell even more songs on their music store iTunes.
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NEW YORK - If you've tried to buy digital music online lately, you may have noticed your options have blossomed, seemingly overnight.
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The world&#39;s third largest music label, EMI, saw its revenues from digital music increase by more than 300 per cent in the six months to 30 September, the company said today.
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A study by NYU Stern business school professor Vasant Dhar and partner Elaine Chang shows correlational evidence that blog posts increase online sales of recorded music.
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Thanks to the booming popularity of digital music players, its stock soars.