June 20, 2008

CD sales falling faster than digital music sales rise

Music sales fell to their lowest level in at least 10 years as an increase in digital content sales failed to make up for declines in compact discs and the effects of piracy, reports the IHT.

Global music sales dropped 8 percent to $19.4 billion in 2007, according to a report from theInternational Federation of the Phonographic Industry.

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