Feel that? It's the foundation of the music industry shaking beneath your feet. And, once again, you can thank downloads for the disturbance. According to Wired News, "Crazy" by Gnarls Barkley became the first track to reach No. 1 on the British charts based solely on download sales.
The pop CD went on sale Monday in U.K. stores. In the past, it would have been at least a week before a single was eligible for the charts. But recently the Official UK Charts Company began to count downloads for chart-topping consideration as long as CDs would be in stores within seven days of digital release. So, when "Crazy" went crazy online last week, booking more than 31,000 downloads, it opened this week No. 1. Even as I write, the U.K. version of the iTunes music store still lists the song as the top download.
Given this news, I can't help but think that more digitally made hits are on the way. It just seems inevitable now that iTunes has sold more than 1 billion downloads. Furthermore, the ironically named International Federation of the Phonographic Industry last week reported that digital record sales nearly tripled to $1.1 billion during 2005.
No doubt all this brings some cash to Apple's
Though we're now several years removed from the dot-com era, it's worth remembering that the great ideas behind eBay, Amazon, and the like would have gone nowhere without backstage players such as Cisco
Don't miss a beat of related Foolishness:
- Want a packaged download deal? iTunes has one for you.
(NASDAQ:XMSR)also wants a slice of the download pie.
- More music lovers are going legit daily.
Microsoft is a Motley Fool Inside Value recommendation. Openwave and XM are both Motley Fool Rule Breakers selections. Find out which other stocks are powering the portfolio to 30% average annual returns by asking us for a 30-day all-access pass . It's free and all you have to lose is the prospect of richer returns.
Fool contributor Tim Beyers would download more music if he had an iPod. Tim owns shares of Oracle. You can find out what is in his portfolio by checking Tim's Fool profile . The Motley Fool has an ironclad disclosure policy .