Sunday, April 15, 2007

 

Downloading tracks keeps music industry ticking

It was long ago feared that the recording industry would suffer from downloads but it seems that downloads are turning out to be sweet music to the ears of record company executives. According to information from record industry peak bodies dgital sales poured nearly $28 million into the nation’s music industry last year compared with $8 million in 2005. This is said to be fueled buy the introduction of pay per download websites and broadband But something quite amazing is that almost half of digital sales come from mobile phone-based revenues, which includes full track downloads and realtones but not mono or polyphonic ringtones.

It appears the days of the CD single are almost over as many shops are just installing download KIOSKs and this has seen the CD Single sales nose dive more than 40 per cent.


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