Recording industry sees growth in legal downloads

Recording industry sees growth in legal downloads: "More than 200 million music tracks were downloaded legally in the United States and Europe in 2004, up from 20 million the year before, the International Federation of the Phonographic Industry said Wednesday. Releasing its second annual IFPI Digital Music Report in London, the trade body said that legal music sites had quadrupled to more than 230 in 2004, bringing record companies their first significant revenues from the digital format. The IFPI said that analysts Jupiter estimated 2004 digital revenues at $330 million and predicted they would exceed double that in 2005."