iTunes Now Number Music Retailer In US
Apple has announced that iTunes has overtaken Wal-Mart to become the number one music retailer in the United States. The statistics are based on the latest data from the NPD Group’s MusicWatch survey, which captures consumer behavior and counts one CD as representing 12 tracks. In less than five years, iTunes has skyrocketed to the top of the music retailer food chain, no small feat. The iTunes Store has sold over four billion...
IFPI Invoices The Pirate Bay for $2.5 Million In Compensatory Damages
The International Federation of the Phonographic Industry (IFPI) has sent The Pirate Bay a bill for $2.5 million in damages from 24 music CDs, nine movies and four video games. The compensation was determined by counting the how many times the aforementioned content was downloaded. They are also demanding general statutory compensation because those downloads were allegedly unauthorized. However, The Pirate Bay insists that 1) they...
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