According to a Reuters news quoting a report by IFPI,the numbers for Global recorded music industry are:
Total size of global recorded music industry: _______________$18.5 billion or Rs. 74,000 crore
Trade value of global Legitimate digital music sales in 2008:____$3.7 billion or Rs 14,800 crore
This is 20% of the global recorded music industry.
In 2007, it was 15% of the global recorded music industry.
Growth in global legitimate digital music sales in last two years:
2008:__________25%
2007:__________30%
Decline:_______ 17%
But the above figures are still dwarf in comparison to the scale of illegal downloads:
Share of unpaid or illegal music download in total music download in 2008:___95%
This 95% in number terms is more than 40 billion or 4000 crore files.
Fall in the traditional revenues for the overall music market on account of piracy:
Revenues down in 2008:______________________7%
Revenues down in 2007:_______________________8%
Interesting Facts:
Rise in Single track downloads in 2008 globally: ___________________24%
No. of single tracks downloaded in 2008:__________________1.4 billion or 140 crore
Rise in digital albums downloads in 2008 globally: __________36%
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Total size of global recorded music industry: _______________$18.5 billion or Rs. 74,000 crore
Trade value of global Legitimate digital music sales in 2008:____$3.7 billion or Rs 14,800 crore
This is 20% of the global recorded music industry.
In 2007, it was 15% of the global recorded music industry.
Growth in global legitimate digital music sales in last two years:
2008:__________25%
2007:__________30%
Decline:_______ 17%
But the above figures are still dwarf in comparison to the scale of illegal downloads:
Share of unpaid or illegal music download in total music download in 2008:___95%
This 95% in number terms is more than 40 billion or 4000 crore files.
Fall in the traditional revenues for the overall music market on account of piracy:
Revenues down in 2008:______________________7%
Revenues down in 2007:_______________________8%
Interesting Facts:
Rise in Single track downloads in 2008 globally: ___________________24%
No. of single tracks downloaded in 2008:__________________1.4 billion or 140 crore
Rise in digital albums downloads in 2008 globally: __________36%