Music Biz Moving Online

Sales of CDs dropped seven percent in 2005, but downloads more than doubled. “Sales stood at 602.2 million during the year, down from 650.8 million in 2004, report analysts Nielsen Soundscan. Downloaded music reached 332.7 million for 2005, an increase of 148% on the previous year. More than 95% of music is sold in CD format, with Mariah Carey and 50 Cent proving the year’s biggest sellers.”