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Show Business

More good news: Record business continues downward spiral

By Claude on March 31, 2006 4:36 PM

Global music revenue fell 3 percent to $21 billion in 2005, with digital failing to make up for the dying CD format. istockphoto_63371_broken_blue_cd.jpg

Per Reuters,

“Digital music sales nearly tripled to $1.1 billion from $400 million the year before, split evenly between online services and mobile phone downloads, the International Federation of the Phonographic Industry (IFPI) said in a report on Friday.”

So, where’s the good news?
apple_ipod_jobs_reuters.jpg

Well, digital downloads nearly tripled. In Japan, digital is already making up for the decline of CDs, something that the States will start to do once everyone has a ‘Pod of one kind or another.

In other words, it’s Steve Jobs’ tune; we just hum along with it.

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