Thursday, June 19, 2008

iTunes - 5 Billion Strong; Music Sales Down

Entertainment

IFPI (International Federation of the Phonographic Industry) reported:

1) global music sales fell in 2007
2) sales of CDs, music DVDs dropped 13%
2) music sold online rose 34%

Meanwhile, Apple reported customers had bought and downloaded more than 5 billion songs from its iTunes Store = largest music retailer in the U.S. (based on the amount of music sold during January and February as tallied by NPD Group's MusicWatch survey). Customers also rent, purchase over 50,000 movies every day, makes iTunes the world's most popular online movie store.

No comments: