Sunday, November 30, 2008

It's all digital

Atlantic Records, a unit of Warner Music Group, says it has reached a milestone that no other major record label has hit: more than half of its music sales in the United States are now from digital products, like downloads on iTunes and ring tones for cellphones. At the Warner Music Group, Atlantic's parent company, digital represented 27 percent of its American recorded-music revenue during the fourth quarter. With the milestone comes a sobering reality already familiar to newspapers and television producers, says the New York Times.