January 16th, 2009 This morning, DiS has woken up bleary-eyed to the news that music industry body, the IFPI, has released a report which claims that more than 40 billion songs were illegally downloaded in 2008. This huge figure equates to 95% of all music downloads and is the same percentage of illegal downloads which were made in 2007, despite government action and the growth of legal sales and compelling alternatives to P2P.

We knew things were bad but this is astounding. It means that due to file-sharing via P2P, blogs, IM-ing, YouSendit/Rapidshare-ing zip files, CDR's, hard-drive swapping, etc. The record industry is only making 5% of the money it could potentially be making. This five percent of legitimate/legal sales equates to $3.7 billion (about £2. Bluray Tamil Movie Download on this page. Serial Fix Bamboocha Shirts. 4 billion, according to Google's currency converter), which is all well and good but it's a pittance when you consider what the other 95% is worth, we figure about £48 billion!!!

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