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Article: Music Industry In Transition: Digital Music Libraries Expand as CD Sales Lag; Legal Digital Music Services Potential Has Only Just Begun to Be Tapped, According to Recent Data from the NPD Group.
- Article from:
- Business Wire
- Article date:
- October 4, 2005
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PORT WASHINGTON, N.Y. -- The ongoing decline in CD sales has been offset somewhat by increased sales of digital music, which grew 175 percent in the first half of 2005 -- more than 155 million tracks were downloaded via legal digital music services during this time period. In addition, nearly seven in 10 households have experienced digital music in one form or another. Digital music sales have significant upside, even as sales of physical CD's continue to slow. The latest year-over-year data compiled by The NPD Group shows sales of CDs have declined five percent in the second quarter of 2005.
"The music industry remains in a state of flux between physical CDs and ...