IFPI Report: 95 Percent Of Music Downloads Are Illegal

[raymm]

Digital music sales are growing faster than ever—but the music industry's task in convincing music fans to pay for their music looks truly massive. More than 40 billion music tracks were illegally file-shared in 2008—meaning that 95 percent of all music downloads worldwide last year were illegal, according to a report from IFPI (pdf). Contrast that with the 1.4 billion tracks that were legally bought last year, a 24 percent rise on 2007, and you have some idea of the scale of the problem faced by the music industry. Digital is growing though and represents 20 percent of the global recorded music market, up from 15 percent in 2007.

http://www.paidcontent.co.uk/entry/419-ifpi-report-in-progress/

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