Highlights Of IFPI's Digital Music Report 2008

• The global music download sales chart was topped by Avril Lavigne, who sold 7.3 million track downloads of her song Girlfriend across the world in 2007
• Global digital music sales are estimated at approximately US$2.9 billion in 2007, a roughly 40% increase on 2006 (US$2.1 billion)
• Single track downloads grew by 53% to 1.7 billion (including those on digital albums)
• Digital sales now account for an estimated 15% of the global music market, up from 11% in 2006 and zero in 2003. In the US, online and mobile sales account for 30% of all revenues
• The music industry is actually more advanced in terms of digital revenues than any other entertainment industry except games: newspapers (7%), films (3%) and books (2%)
• There are more than 500 legitimate digital music services worldwide, offering over 6 million tracks – over four times the stock of a music megastore
• Tens of billions of illegal files were swapped in 2007. The ratio of unlicensed tracks downloaded to legal tracks sold is about 20 to 1

Full Report