Digital Media Blog

Global Digital Music Market Boomed in 2004 but Rampant Piracy Hurt Profits, Industry Report Says

Posted: 1/26/2005

"The IFPI, which represents more than 1,450 record companies across the globe, said music fans in the United States and Europe legally downloaded more than 200 million tracks in 2004, up from about 20 million in 2003. That contributed to estimated digital music revenues of around US$330 million (euro253 million) in 2004, up sixfold from the previous year."

Link (abcnews.go.com)

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