Global Digital Music Market Boomed in '04
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The market for digital music on the Internet and mobile phones boomed in 2004, according to a report released Wednesday that showed the global recording industry collecting significant revenues from the segment for the first time.
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SIR Richard Branson has become the latest big name to move into the online music world. The British entrepreneur has launched a Virgin Digital music service in America, joining a long list of mainly technology companies in the crowded download market.
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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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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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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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Digital music sales have doubled in the last year, but overall music industry sales are falling.
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Will Young and Lemar are among the winners at the Digital Music Awards 2004.
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New options for managing your digital media means more than just mp3s in your pocket. October 14, 2004 - Microsoft held its Digital Entertainment Everywhere launch this past Tuesday and unveiled new products
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After two years of falling sales, the  music and video retail market is set for a boost as tech-savvy  buyers embrace digital downloading, according to a report on  Thursday by retail analysts.
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While digital music revenues will grow to be eight per cent of the total European music market by 2009, the CD will remain the bedrock of music sales, according to a new report by market analysts Jupiter Research.
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According to a survey, Mac users are much more likely to have purchased a song online in recent months than their Windows counterparts, but does that really mean Apple's growing market show will translate into booming business for music companies?
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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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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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The music industry reversed a four-year decline as album sales rose slightly in 2004 while overall music sales spiked thanks to a huge increase in digital track sales, according to Nielsen SoundScan.
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Several new online services  have emerged with their own takes on digital music discovery.
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Selling songs over the Internet in Western Europe will explode to a 3.5 billion euros a year market by 2009, a new survey found on Tuesday.
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Digital music is ramping up, but Jupiter Research reports that the venerable CD will remain the best-selling format throughout the remainder of the decade.