World music sales slide despite digital dividend
Downloads on the up
Digtal music sales rose eight per cent worldwide during 2011. Good news for Apple, owner of the download-centric iTunes Music Store, but not for CD sellers: the industry as a whole saw revenues slide three per cent.
Industry organisation IFPI said recorded music sales revenues fell from $16.7bn in 2010 to $16.2bn in 2011.
Digital music accounted for $5.2bn of the latter figure - 32.1 per cent of the total. In the US and South Korea, digital's share is more than half the local total: 52 per cent and 53 per cent, respectively.
Digital revenue growth was ten per cent in the UK.
Single-track downloads were up 11 per cent year on year, album purchases up 24 per cent, both in terms of copies downloaded.
The number of users paying to subscribe to a music service leapt by 65 per cent in 2011 to 13.4m, the IFPI reckons. It said 3.6bn downloads were purchased globally in 2011, an increase of 17 per cent.
It claimed taht 28 per cent of internet users worldwide access unauthorised services on a monthly basis, half of them through P2P networks. ®