IFPI: Digital Musics Gonna be Big
Published by Siddiq Bello January 17th, 2007 in Digital Music, IFPI, Quantification, Record stores, Research, copyright, mp3, quantifiction.
The good folks at the IFPI released a report (pdf) today which pegged the size of the digital music industry at $2 billion. This is double the size it was in 2005 and while thats great news, but still doesnt cover the homaging in the rest of the industry. Music sales are expected to continue its on going decline by another 3% drop in global music sales this year. Besides the news that “digital is big and growing”, the most interesting bit of info in the report was the split between online and mobile, which music was generally evenly split 50/50 online/mobile. Who knew? The only other bit of the report worth reading was the quotes from various music industry executives.
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