Monday, June 13, 2005

The hills are alive...

Warner Music today reported that in the most recent quarter digital music sales accounted for 4.6% of total sales (or $35m), which is more than was generated in the whole of the previous financial year. In terms of revenue share, this is the biggest number I've seen yet, and though I have repeatedly poked fun at the entertainment world for its inability to get to grips with new distribution models, this is bound to be a nice little earner for the labels in the meantime. Meanwhile, the OECD has released an in-depth look at the digital music market place, which I'm looking forward to wading through.

No comments: