News
European and American song downloads rising fast
By Dennis Lloyd
Publisher, iLounge
Published: Tuesday, January 20, 2004
News Category: Digital Media
“Europeans purchased over three million song downloads in 2003 from the continent’s primary online music store, OD2, raising faint hopes the lackluster music industry is on the road to recovery. [...]
Still, the volume of downloads is growing 25 percent month on month, Grimsdale said, which would mean download sales should grow more than three-fold in 2004. [...]
The more mature U.S. market is growing even faster. American music fans purchased 30 million download tracks in 2003 as online stores such as Apple Computer’s iTunes proved a big hit with consumers.”
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