In story today in Wired magazine we find some news about how piracy is losing ground to legitimate downloads.
Worldwide sales of music over the internet and on mobile phones hit $1.1 billion last year, triple 2004 sales and accounting for 6 percent of global record company revenues, the industry said.
The London-based International Federation of the Phonographic Industry, or IFPI, said music fans around the globe downloaded 420 million single tracks in 2005, more than double the 156 million downloaded the previous year.
Remember the days in recent memory when the fear of the internet and piracy of music was reality? Now there is hope for the future that the music industry can muster the sales to not only survive, but to deliver the musical content with record profits.
The IFPI added that the legitimate music business was gradually gaining ground on digital piracy. It said research showed that in Europe’s two biggest digital markets — Britain and Germany — more music fans are now legally downloading music than illegally file-swapping.
Read more at Wired Magazine: Digital Music Sales Booming.