We've written separately about the IFPI's Digital Music Report, which has just been released. But if you just want the hard numbers, here's some of the main ones.OVERALL FIGURES- More than 1.4 billion legal single-tracks were downloaded in 2008, up 24% from 2007. The top-selling digital single was Lil Wayne's Lollipop with 9.1 million sales.- Digital album sales grew by 36% in 2008.- Digital music generated $3.7 billion of trade revenues in 2008 – up 25% year-on-year.- Digital now accounts for 20% of all recorded music sales, up from 15% in 2007. By contrast, the games industry generates 35% of its revenues digitally (but newspapers, films and magazines are way behind with 4%, 4% and 1% respectively)- The IFPI estimates that more than 40 billion songs were downloaded illegally in 2008 – that's 95% of total music downloadsGLOBAL BREAKDOWN- The US accounts for around 50% of the entire global digital music market value, with 1.1 billion single-track downloads in 2008 (up 27% from 2007) and 66 million digital album sales (up 32%) – these are Nielsen SoundScan figures. Digital was 39% of the overall music market, revenue-wise.- Japan sold 140 million mobile singles in 2008, up 26% on 2007. Digital was 19% of the overall music market.- The UK sold 110 million single-track downloads in 2008 – up 42% – while digital album sales rose 65% to 10.3 million. Digital was 16% of the overall music market.- France sold 14.5 million online single-track downloads in 2008 – up 20% year-on-year – and 1.4 million digital albums, up 27%. Digital was 12% of the overall music market. However, the number of album releases by new artists fell by 16% in the first half of 2008.- Germany sold 37.4 million online single-track downloads in 2008 – up 22%. It sold 4.4 million digital albums, up 57% from 2007. Digital was 9% of the overall music market.- An estimated 1.6 billion songs were downloaded illegally in Spain in 2008, compared to just two million legal downloads. That means 99.9% of downloads in Spain are unauthorised. Digital is 10% of the market.OTHER STATS- US broadband users spent an average of $12.50 on music in 2008, compared to $7.80 for UK broadband users, and a mere $0.60 for Spanish broadband users.- There are 2.5 million hip-hop artists on MySpace, compared to 2.4 million rap artists (yeah, we know..), 1.8 million rock acts, and 1.6 million R&B artists.
Key stats from the IFPI Digital Music Report 2008
January 16th, 2009 by Music Ally