05 February 2009

Digital music - The only way is up

(Economist)
BIG record companies and music-retailer may be struggling, but sales of digital music are booming. Global revenues leaped by 28% last year, despite piracy—up to 95% of digital music is obtained illegally, reckons the IFPI, a trade body. Though this figure is disputed, governments are enacting tougher legislation to catch illegal file-sharers and shut down the sites they use. Britain's government has proposed a £20 ($28.60) levy on every household using broadband to help offset the costs of piracy.