Digital Music Sales Grow, but at Slower Rate
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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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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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The tune seems to be changing ever so slowly at some record labels when it comes to DRM. Both out of consumer demand and to some extent necessity, some have begun to offer digital downloads in the unprotected MP3 format.
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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 decline in CDs.
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In a year where Apple Inc.'s iTunes Music Store became the third-largest music retailer in the U.S., conventional album sales continued a downward trend, while the sale of digital tracks surged by 45 percent.
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U.S. album sales plunged 9.5 percent last year from 2006 despite a 45 percent surge in the sale of digital tracks, Nielsen SoundScan reported yesterday.
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Digital music sales have doubled in the last year, but overall music industry sales are falling.
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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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Album sales in the U.S. plunged 9.5 percent last year from 2006, as the recording industry had another weak year despite a 45 percent surge in the sale of digital tracks.
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Although the record companies raked in $2.9 billion in revenue from digital music sales in the past year -- up 40 percent -- the collapsing CD market is dragging them down.
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DENVER (Billboard) - Music fans have been slow to buy music on their mobile phones. So several companies have responded with services that let users access from their phones music that is stored on their computers.
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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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By Preston Jones, Fort Worth Star-Telegram, Texas  Jun. 8--The world of digital music downloads is, put mildly, one of  blindingly rapid change.
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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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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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Sales of legally downloaded songs shot up more than tenfold in 2004, a music industry report says.
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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.