The online music industry is worth billions of dollars

Digital music companies have reached $ 1.1 billion last year. International record industry IFPI estimates online downloads will account for 25% of global music industry revenue.

The number of single (single) downloads has doubled to 420 million in 2005 and the number of subscribers has also increased to 2.8 million. The most popular single of the year is James Blunt's You're Beautiful song.

' The pace of development will be even stronger in 2006 when the field continues to mature and new channels of music distribution are born ,' said John Kennedy, President of IFPI. ' In England and Germany, The world's two largest digital music markets, the total number of legitimate download customers on sites has exceeded the number of people downloading pirated files . "

The number of online songs has doubled compared to 2004. IFPI estimates there are about 165,000 albums online.