Digital Music Music Sales Double
In any other industry, news that sales doubled the previous year would cause dusty bottles of fine champagne to be summoned and quaffed. Not so in the music industry, whose digital download sales doubled in 2006, according to the International Federation of the Phonographic Industry. For one thing, the doubling of downloads in 2006 is not as good as the tripling of them 2006. And the growth does not keep pace with the decline in CD sales, at three percent in 2006. Even so, in major markets such as the U.S., U.K., and Japan, legal downloads are just starting to equal the damage done by P2P, piracy, and competition from new media. Driving much of the growth is mobile downloading, which already dominates download sales in Japan, South Korea, India, Italy, and Spain.