Internet Music Market Grows 1,619% in Brazil
Acording to ABPD (Brazilian Records Producers Association) the internet music market sold US$ 3.25 milions in 2007, a 1,619% growth compared to 2006 results, US$ 190 thousands. The whole online market, including internet and cellphones music sales sold US$ 14 millions, 185% more compared to 2006 sales.
These are the results of an unexplored market in Brazil, dominated by physical CDs and DVDs sales, US$ 180 milions in 2007; and by pirated products. It’s possible to buy illegal CDs for as cheap as US$ 3 and illegal DVDs for US$ 5 in any street in Brazil.
The ABPD claims that the illegal copies and downloads are the reason of the 31.2% sales down fall. The projections points to 1.1 bilions of songs illegally downloaded in Brazil. The IFPI (International Federation of Phonographic Industry) has already sued 20 brazilians for illegal online music sharing.
Tags: Brazil, Internet, music sales