Tuesday, October 04, 2005

Legal digital music explodes

IFPI reports that worldwide digital music sales (downloads, streams, subscriptions, burns) almost quadrupled to $790 during the first half. That constitutes 6% of all music sales, versus 1.6% last year.

Add to that the demise of some P2P file-sharing networks (see below), and things start to look a lot rosier for the likes of iTunes. However, MSN seems to think it is late to the party, breaking off talks with music's Big Four.
Of the two pure-play stocks, Warner and EMI, Warner gained 28% since a low on July 7.

Chronology of P2P file-sharing networks:

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