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Music on audio formats fell 9.9% in value. A small portion of this loss was compensated by an encouraging increase of 46.6% in music video sales. Sales of CD albums around the world dropped by 9.1% in value, while sales of singles fell by 18.7%.
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The influence of digital technology on the sales of copyrighted goods is really significant. A longstanding economic item is the suitable level of protection for intellectual property. The Internet has dramatically lowered the cost of copying information goods. The effect of file sharing and online downloading on CD sales is studied in the most detailed way...
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