CD Sales Plunge As Music Shift Accelerates
Even worse for music executives is the fact that the rate of decline is faster than the growth of digital downloads, which were supposed to save the music biz. The difference as we all know is being made up by piracy, which can take various forms on the Web. According to BigChampagne LLC, a research firm, more than 1 billion songs were traded on illegal file-sharing networks last year.
Apple, meanwhile, is rolling. It's sale of around 100 million iPods shows that more music is being consumed these days than ever before--but only Apple seems to make money from it.