Highlights Of IFPI's Digital Music Report 2008
The global music download sales chart was topped by Avril Lavigne, who sold 7.3 million track downloads of her song Girlfriend across the world in 2007- Global digital music sales are estimated at approximately US$2.9 billion in 2007, a roughly 40% increase on 2006 (US$2.1 billion)
- Single track downloads grew by 53% to 1.7 billion (including those on digital albums)
- Digital sales now account for an estimated 15% of the global music market, up from 11% in 2006 and zero in 2003. In the US, online and mobile sales account for 30% of all revenues
- The music industry is actually more advanced in terms of digital revenues than any other entertainment industry except games: newspapers (7%), films (3%) and books (2%)
- There are more than 500 legitimate digital music services worldwide, offering over 6 million tracks – over four times the stock of a music megastore
- Tens of billions of illegal files were swapped in 2007. The ratio of unlicensed tracks downloaded to legal tracks sold is about 20 to 1
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