04 Jun 2004
Although sales of CDs have continued to fall in the UK, it looks as if the legal music download sector is beginning to bear fruit.
According to figures from the Official UK Charts Company released by the British Phonographic Industry (BPI), half a million tracks have been downloaded from legal sites and services such as OD2 and internet service providers such as Tiscali and BT.
The BPI said the download market is growing at a steady but moderate rate, although it is still way behind that in the US. There, iTunes alone has sold more than 70 million songs through its online store in just over a year.
With UK CD sales for the first three months of this year 4.3 per cent down on the same period last year, the figures for legal downloads are seen as an important indication that peer-to-peer (P2P) sites may be beginning to lose their appeal for many.
"This is shaping up to be a breakthrough year for the music industry," said BPI chairman Peter Jamieson in a statement.
This time last year there were virtually no legal downloads, according to the BPI.
Most people used P2P sites such as Kazaa and Grokster to swap music files. This has led to a spate of lawsuits against P2P users in the US brought by the Recording Industry Association of America.
Latest stories from Web
Related articles
Related jobs
Poll
What will be the biggest change to corporate technology in the future?
TFL director of Games transport Mark Evers discusses how the public transport network is preparing for this summer's event
Connect with V3.co.uk
The wrong printers, for the wrong tasks on the wrong contracts
Who leads the BI pack and who should we be watching out for?
HTML, CSS, Flash - Web Content Editor - Photoshop, Dreamweaver...
Biomass Programme Manager/Engineering/Supply Chain/Heavy...
Head of Compliance My client is currently seeking...
THis role is working for a multi national Financial organisation...
Keep up to date with the latest products, services and technologies from the world's leading IT companies. IThound.com brings you over 2,000 white papers, case studies and analyst reports.
Do you agree?