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Retailers Expect Online Music Sales To Double Through 2008

By Robert Andrews - Wed 20 Feb 2008 01:39 AM PST

UK music download sales will top £160 million this year - up 50 percent year-on-year - following the entrance of new retailers like Play.com and Amazon (NSDQ: AMZN), reckons the Entertainment Retailers Association’s new ERA Digital arm (release). It said digital album sales were £4.5 million in January (up 76 percent year-on-year) while singles were £6.3 million (up 45 percent year-on-year). And it reckons album downloads will reach £69.4 million over the whole of 2008, while singles will clock up £96.4 million.

A methodology wasn’t given - it’s a forward projection based on Official UK Charts Company sales data. ERA Digital chair Russel Coultart: “We have said for a long time that open standards are the way forward for permanent downloads. It is no coincidence that now the DRM shackles are coming off, more retailers are entering the market.”

Posted in: Entertainment, Music, Research & Metrics



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paidContent:UK covers the business of digital media for the U.K. and European markets.

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