95% of music downloads illegal despite boom

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95% of music downloads illegal despite boom

By Robert Dex, Press Association
Friday, 16 January 2009

The digital music business is booming but 95 per cent of downloads are still illegal and not paid for, according to a report published today.

Making money from digital music is “the biggest challenge for music companies” at the moment, according to the International Federation of the Phonographic Industry’s (IFPI) Digital Music Report.

It reveals that the digital music business has grown for six years in succession.

In 2008, it grew by an estimated 25 per cent and is now worth 3.7 billion dollars.

Digital music now accounts for 20 per cent of recorded music sales, up from 15 per cent in 2007.

But that success is overshadowed by the popularity of illegal downloading.

The IFPI estimates more than 40 billion music files were illegally shared in 2008.

That compares with 1.4 billion legal single track downloads in 2008, with the top-selling digital single, Lil Wayne’s Lollipop, selling 9.1 million units.

The UK saw one of the biggest increase in digital sales in the first half of 2008 with sales up by 45 per cent.

UK consumers downloaded 110 million single tracks in 2008 and 10.3 million digital albums were sold – accounting for 7.7 per cent of the country’s albums market.

John Kennedy, chairman and chief executive of IFPI, said: “The recorded music industry is reinventing itself and its business models. Music companies have changed their whole approach to doing business, reshaped their operations and responded to the dramatic transformation in the way music is distributed and consumed.

“There is a momentous debate going on about the environment on which our business, and all the people working in it, depends.

“Governments are beginning to accept that, in the debate over ‘free content’ and engaging ISPs in protecting intellectual property rights, doing nothing is not an option if there is to be a future for commercial digital content.”

IFPI represents 1,400 companies in 72 countries.

<<Editors notE>>
Now Reaaaaaalllly??? :)
I can only add that… It is something we already know… By the way, if all people would actually have to pay for it all, the industry won’t really sell more…
My opinion on “illegal” downloading (of anything) is that we just get a much broader variety of music and movies and entertainment presented to us than there would be if it wasn’t possible to download copies of whatever there is to be downloaded. (I still remember people giving me tapes with music I never heard about resulting in me going to concerts of bands I had never seen and thus making them more money for yet another ticket sold for their concert.) It gives us the opportunity to discover new things, it gives us the…

ah hell what am I blabling about here… we all know how it works right? I can only talk out of my own experience here and just for the record, I still enjoy buying cd’s n movies in their original boxes just because I love the artwork, like the movie so much or just like to collect certain things, whether or not I downloaded it already…
(ofcourse I would never do that… downloading is illegal… ;) )
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