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Authorized downloads rise by 80 percent in UK

Written by Andre Yoskowitz (Google+) @ 13 Oct 2007 18:17 User comments (5)

Authorized downloads rise by 80 percent in UK According to a Verdict Research report entitled "UK Music and Video Retailers 2007", legal digital downloads of both video and music rose 81 percent in the UK to 112 million pounds.
The report also predicted the market would grow to 163 million pounds by the end of the year and 600 million pounds by 2012. 600 million pounds would equate to 13.5 percent of the total music and video market.

"The percentage figures may fall some years, but the cash growth through the tills is big,"
said Mick Gladding, lead analyst at Verdict.

"It is a very exciting market, probably the most important influence in video and market retailing because it provides a very attractive method for customers.

"It is highly convenient to shop from home and is a low-cost way of delivering music to the customer from the retailers' point of view."


With new players like Amazon and Nokia joining the market, and the ever increasing DRM-free content, Verdict Research sees an added boost to the market coming, especially as the UK and the world move to be completely digital.

Source:
Yahoo

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5 user comments

114.10.2007 0:42
nobrainer
Inactive

The lock, that the music industry and retailers have had is at an end, but the question is will downloaded content actually pass on the saving to customers to increase sales, or will albums still be around the 10-20 mark to generate more money for the failing music industry, if they decide the latter it will surly anger customers and drive more to piracy or destroy the big record companies via artists leaving.

Surly the overheads from the shops who also add thei bit for their own profit, and the covers and cases and transport costs account for at least half the price of a physical cd if not more?

Will the artists benefit from the savings, or will the record industry continue plunder the talented people's of this world wealth at every opportunity, so they can finance the never-ending stream of talentless bands?

What i do think is funny is how the RIAA and MPAA continue to lock down ppls equipment with increasingly intrusive drm the reports back to the studios citing piracy as the cause for their demise with continued growth in legal downloads, and records broken at the ticket offices with each passing year but the lobby require more laws because piracy is stealing money from the artists, the last i heard from prince is that he received $0.10 from every album sale which is why he decided to give his latest album away for free, where does the other $14.90 go!

This message has been edited since its posting. Latest edit was made on 14 Oct 2007 @ 0:54

214.10.2007 11:47

wow they killed 80% of illicit music trading....as if....

314.10.2007 22:15
nobrainer
Inactive

Originally posted by ZippyDSM:
wow they killed 80% of illicit music trading....as if....
the problem is zippy when they approach the media its always the pirates that are destroying the record business not that the music sucks, people don't purchase albums now because of becoming so disheartened with the trash that the big media companies churn out and people choose to download just single songs, but the fact that legal downloads are constantly increasing is always kept from the general public show just how underhand the riaa are about their figures for their failing business.

414.10.2007 22:23

Quote:
Originally posted by ZippyDSM:
wow they killed 80% of illicit music trading....as if....
the problem is zippy when they approach the media its always the pirates that are destroying the record business not that the music sucks, people don't purchase albums now because of becoming so disheartened with the trash that the big media companies churn out and people choose to download just single songs, but the fact that legal downloads are constantly increasing is always kept from the general public show just how underhand the riaa are about their figures for their failing business.

the trouble is what they call it first off how dose non profit trading suddenly bring the end of the world?
they have their asses backwards as always.

523.10.2007 6:39

We all know this is the way of the future however they have to make sure that these authorized downloads will be drm free.

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