Wednesday, October 18, 2006

And this just in; the dodo makes a comeback
So, there's a new report from the IFPI that says there's a 4% drop in global music sales this year, ".. But digital sales rose by 106% to $945m (£510m), representing 11% of the worldwide recorded music market. The sale of physical formats such as CDs fell by 10% under pressure from cheap illegal copies." (source: BBC)

So, the IFPI does this. "The global music industry has launched a fresh wave of 8,000 lawsuits against alleged file-sharers around the world.... The industry has now filed about 18,000 lawsuits in the United States, the largest market for music sales, and 13,000 in the rest of the world....

John Kennedy, chairman and chief executive of IFPI, said "It's not getting easier but we are encouraged enough by the results to keep on going," he said via the telephone from a trip to Brazil. "It will never go away completely." Kennedy said the drive to see digital sales make up for the loss in the physical format was the "holy grail" for the music industry and said he hoped to see it happen by 2007. (Source: NZ Herald)

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