Downloads become a billion dollar industry
Music companies made $1.1bn from downloads last year, and this method of buying is expected to account for 25 per cent of the global music industry by 2010, according to the International Federation of the Phonographic Industry (IFPI).
Singles downloads doubled to 420 million in 2005 and the number of subscribers nearly doubled to 2.8 million. The year’s most popular single was James Blunt’s You’re beautiful.
Read the complete story here. (vnunet)
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