Times Online: Illegal music downloads outnumbered tracks sold by a factor of twenty to one last year, according to the International Federation of the Phonographic Industry (IFPI).
As the industry body announced that digital music sales rose by 40 per cent last year, it called on internet service providers to take action to counter illegal filesharing.
Record companies’ revenue from digital sales reached $2.9billion but the growth is still failing to cover losses from the collapse of CD sales, according to the music industry trade body’s annual report.
The IFPI said that CD sales fell 11% between 2005 and 2006, and probably dropped further in 2007. Worryingly, digital music revenue is already showing signs of a slowdown. From $380 million in 2004, digital revenue roughly tripled in 2005 and nearly doubled in 2006, but the increase slowed to 40 per cent last year.
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