U.S. album sales down; downloads soar
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U.S. album sales were down 4.2 percent in the first half of the year, but sales of music downloaded online soared 77 percent, according to industry figures.
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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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In yet another big week for new releases on the U.S. albums chart, the
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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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Sales of physical and digital albums tumbled to 500.5 million units, as the music industry was pillaged by piracy and competition from other forms of entertainment like videogames.
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A study into online music piracy suggests record sales in the US have fallen because of online piracy.
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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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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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The iTunes Music Store now has more than one million songs available for download in the US, the first online digital music service to offer consumers a million-song catalog. [Aug 10]
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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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LONDON  - British music group EMI reported a fall in interim profits as sales dropped by 11.4 percent, reflecting a release schedule skewed towards the second half and the strength of sterling.
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Digital flatline looks ominous for music labels The leading DRM digital download service, Apple's iTunes, has experienced a collapse in sales revenues this year according to analyst company Forrester Research.â¦
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Apple (Nasdaq: AAPL) says its music-downloading machine keeps churning as demand for songs from its online iTunes store continues to grow. The maker of the iPod says it has sold more than 250 million songs, or approximately 1.25 million a day.
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EMI Group PLC, one of the world's largest music companies, warned Monday that its full-year sales and profits will be below expectations because of the delayed release of two key albums and market weakness in the fourth quarter. Its shares fell 16 percent.
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The latest Eminem album tops the US album chart after just three days on sale, following its UK success.
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Music sales last year are expected to be down by 10% despite the growing popularity of the digital music market.
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Sales of legally downloaded songs shot up more than tenfold in 2004, a music industry report says.