Music Sales Are Booming on Internet
Thursday, January 19th 2006, 9:53 am
By: News On 6
LONDON (AP) _ Worldwide sales of music via the Internet and mobile phones hit $1.1 billion last year, triple 2004 sales and accounting for 6 percent of global record company revenues, the industry said.
The London-based International Federation of the Phonographic Industry, or IFPI, said music fans around the globe downloaded 420 million single tracks in 2005, more than double the 156 million downloaded the previous year.
``2005 was the year that the digital music market took shape,'' said IFPI Chairman John Kennedy.
The IFPI also called on Internet Service Providers, or ISPs, to join the fight against music piracy, which it claims severely erodes the profits of its 1,450 member record companies across the globe.
The IFPI added that the legitimate music business was gradually gaining ground on digital piracy. It said research showed that in Europe's two biggest digital markets _ Britain and Germany _ more music fans are now legally downloading music than illegally file-swapping.
A series of lawsuits against piracy by the IFPI has so far largely targeted individual song swappers for breach of copyright rather than ISPs, which can claim that they have no knowledge of any piracy occurring on their networks.
Kennedy, who said he approached prominent ISPs a year ago about a coordinated response and has received ``effectively a zero response,'' put them on notice Thursday that the IFPI would consider litigation if they did not join the fight against piracy.