Another label sees big digital-music growth

On Tuesday, Warner reported that digital sales in the quarter ended September 30 grew 27 percent to $167 million, up from $131 million during the same period last year. News.com reports.

... Two weeks ago, Universal Music Group, the largest of the four top labels, said digital music sales were up 33 percent for the first nine months of 2008. According to parent company Vivendi, this "more than offset lower physical sales."

Ever since the onset of digital music and the creation of file-sharing sites, such as Napster, the major music companies have slowly been forced to shift from physical CD sales to digital downloads. It appears now that digital revenue is making up for some of the losses in disc sales.

emily | 9:17 AM | Random Stats |
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