I have some startling news to report! The IFPI has reported that 95% of music downloads are illegal! Yes it is true. The International Federation of Phonographic Industry has estimated this is a result of a three-year study in 16 countries, also indicating more than 40 billion files were illegally file-shared in 2008.
During 2008, France led the charge with a draft Creation and Internet Law in which ISPs warned continual copyright abusers before cutting their Internet connection as a last resort. These same actions are being utilized in New Zealand while the governments in the U.S., Italy, Australia, Japan, Hong Kong and South Korea are all in discussion about the issue.
On the upside, the report shows a sixth year of digital music expansion in 2008, growing an estimated 25% to $3.7 billion in trade value. Digital platforms now account for around 20% of recorded music sales, up from 15% in 2007. Singles track downloads still drive the online music market -- up 24% to 1.4 billion in 2008-- however a healthy growth of 36% has indicated rising consumer interest in the digital album sector.
Hip-hop star Lil Wayne topped the list for single-track digital sales, with Lollipop dropping over 9.1 million units worldwide -- 1.8 million more than the highest selling digital single of 2007. Weezy BABY! *autotune voice*
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