Music Downloads Grow Tenfold

From the Hollywood Reporter:  "More than 200 million music tracks were downloaded legally in the United States and Europe last year, up from a year-earlier 20 million, the International Federation of the Phonographic Industry said Wednesday. Releasing its second-annual IFPI Digital Music Report, the trade body said that legal music sites had quadrupled to more than 230 last year, bringing record companies their first significant revenue from the digital format. IFPI said that analysts Jupiter Research estimated 2004 digital revenue at $330 million and predicted they would exceed twice that figure this year."