January 20, 2005

Legal Music Downloads Increase Tenfold

dollarssign.jpg The recording industry reports a tenfold increase in the number of people legally downloading music from the Internet and the first significant revenues brought in by digital sales, reports the Associated Press.

"The IFPI said Wednesday that music fans in the United States and Europe legally downloaded more than 200 million tracks in 2004, up from about 20 million in 2003.

[...] Music on mobile phones is also becoming increasingly popular, with Asia leading the way -- the Japanese ring tone market was worth $100 million in 2004.

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