Global Digital Music Sales Up 40% in 200724 Jan, 2008 By: Erik Gruenwedel
Online distribution of music and single tracks helped shore up global music sales in 2007 as the industry continues to be battered by piracy and plummeting music CD revenue.
Digital music sales topped $2.9 billion, including a combined 14.7% increase in U.S. unit sales to 1.37 billion driven largely by downloads, according to Nielsen SoundScan and the International Federation of the Phonographic Industry (IFPI).
CD sales dropped 19% to 449.2 million units while digital albums and singles increased 54% (to 50 million) and 45% (to 844.1 million), respectively.
Illegal downloads outnumbered legitimate tracks 20-to-1.