Those changing times are blowing in the British winds now. Forbes:
We all knew it was going to happen at some point but for the UK this first quarter of this year was it. Sales of downloaded music finally passed sales of CDs and vinyl etc. Just another example of quite how quickly the world is changing:
Digital music revenue has overtaken revenue hauled in from sales of plastic discs for the first time in the UK. British music industry trade group the BPI released figures showing that digital revenue – from downloads, subscriptions and advertising – had made up 55.5 per cent of income in the first three months of this year.
Year on year digital rose 23.6 per cent to £86.5m. Physical revenue fell 15.1 per cent to £69.3m.
Don’t forget, before the debut of iTunes in 2001 (and the associated iPod) there wasn’t really a legal method of buying music online. Not for download at least: there were any number of copyright busting methods of course but not all that many legal ones.
So this really is a speedy change in the market: 50% or more of it in just over a decade.