Digital Music—Then and Now
Aug 1, 2008 12:00 PM, Compiled by Sarah Benzuly
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| 2003 | 2007 | |
|---|---|---|
| Number of legal services | Less than 50 | More than 500 |
| Licensed tracks for sale | 1 million | 6 million-plus |
| Value of digital music sales | ~$20 million | ~$3 billion |
| Digital as a percentage of overall recorded music sales | 0 | 15 |
| Number of formats (videos, ringtones, etc.) available per artist release | Less than 10 | More than 100 |
| Courtesy IFPI Digital Music Report 2008, www.ifpi.org | ||
As you can see, a digital music market has exploded in the past five years, with consumers having access to more than 6 million tracks from more than 500 legal online services. Also, a single artist today can release an album in multiple formats, including video downloads, ringtones or mobile full tracks. For example, sales of Justin Timberlake's FutureSex/LoveSounds comprised 115 products that sold a total of 19 million units, of which only 20 percent were in CD format.
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