EMI sees jump in digital downloads

The FT 17 November 2005 reported EMI saw music downloads go up significantly/ A whacking 142% jump in digital revenue to ?44.6m

Eric Nicholi estimated digital sales would make up 25% of revenues by 2010.

I wonder what Tomi thinks of that?

What year is it when the physical CD no longer exists. Or, becomes so irrelevant it does not really matter anymore?

As we know digital redefines value, and distribution for example.

It also allows us to rethink a different way of going to market, and creating value for customers in new and exciting ways.

We believe this is the start of something far more fundamental.

Expect Mr Nicholi to revise his estimates before 2010.

Remember the Artic Monkeys got to Number 1 in the charts without any help from any record company. It was purely the wisdom of the crowd that they actively engaged with, sharing with them their songs and, encouraging the ever so important peer to peer flows of communication that today can redefine success or failure.

what does that mean for record companies?

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