London - The international digital music sector saw a growth expansion of an estimated 25 per cent in 2008 but its business performance was still being overshadowed by unauthorized online downloads, the London-based International Federation of the Phonographic Industry (IFPI) said Friday.
Digital platforms accounted for around 20 per cent of recorded music sales in 2008, reaching a trade value of 3.7 billion dollars, IFPI said.
"Recorded music is at the forefront of the online and mobile revolution, generating more revenue in percentage terms through digital platforms than the newspaper, magazine and film industries combined," the annual report said.