With the recent news that royalties from legal music downloads are now worth more than the relative decline in CD sales, it seems that MP3 downloads have firmly overtaken other forms of published music as the leading force in the music industry for the new decade.
With online music services offering users instant access to millions of MP3 downloads for a small subscription fee, it's no wonder people are turning away from costly CDs to get their music online instead. MP3 downloads are a quick and efficient way to own your favourite music with a single mouse click, and these high quality downloads can be transferred to a range of MP3 players and devices in less time than it takes to copy or burn a CD.
The last few years have seen a change of heart among many music publishers, who used to view MP3 downloads with suspicion but are now increasingly embracing digital music for its versatility and ability to generate all-important royalties for artists and bands offered for download. In an industry plagued by piracy, it has become ever more important to ensure that paid-for MP3 download services give music lovers everything they desire, with an extensive catalogue of downloadable songs from popular artists and a departure from annoying advertisements that can intrude on the user's listening experience.
MP3 downloads accounted for 40% of all music purchases in the United States last year, according to statistics from Nielsen Soundscan, showing that digital music is growing in popularity and acceptance among music lovers from all age groups. MP3s are no longer exclusively for young or tech-savvy music fans; the universal format can be played anywhere, whether on your home stereo or in the car or on the way to work, making it superior to other audio formats.
Of course, one other major advantage of MP3 downloads that contributes to their popularity is that they're a great deal cheaper than buying music in more traditional forms. Generally an MP3 album can be downloaded for half the price of a CD album, making the download a much more affordable and desirable alternative. What's more, listeners have the freedom to download as much or as little of the album as they like, saving even more by only paying for the songs they actually want.
MP3 downloads are truly bringing the music industry into the 21st century and empowering listeners with greater control over their music collections.
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