UK has deepest wallet for online music
Posted on 5 Jan 2006 at 14:41
UK music fans are Europe's biggest spenders when it comes to music downloads, according to a Motorola survey.
The phone maker found that the British spend an average of 75p per month on digital tunes, three times the mean for France, Germany and Italy.
The BPI reports that more than 23 million tracks were sold online in 2005, with downloads now accounting for 70 per cent of UK singles sales.
For the first time, the music industry worldwide sold more than one billion units in 2005, according to figures from research firm Nielsen SoundScan.
The record high was achieved largely due to 350 million digital tracks offsetting a 7.2 per cent slump in physical album sales.
'It was a year where you had to deal with the problems of piracy and the fact that there weren't that many big stars releasing records this year,' said Universal Music's chairman and CEO Doug Morris, somewhat cryptically.
Author: Simon Aughton
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