iTunes Hits 5 Billion Sold Songs

June 20th, 2008 at 12:00 am

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Well, isn’t this just a week for breaking records?  Yes it is.

Yesterday, Apple announced that their iTunes music store has hit the 5-billion-songs-sold mark since the day they started five  years ago.  According to AppleInsider , "The digital download service is the number one music retailer in the US, according to the most recent data from NPD Group’s MusicWatch survey, and features the largest music catalog with over eight million songs."

iTunes has indeed changed the way people purchase music (when they purchase them at all).  The iTunes+iPod/iPhone infrastructure makes it undeniably easy to consume media hence the popularity of the gadgets and the store.

Furthermore, Apple also reports that their video sales, downloads and rentals are going pretty well.  At a rate of 50,000 videos a day, they are looking at about 18 million videos per year.  This also makes iTunes the most popular online store for video as well.

Part of the store’s success is also with the deals they struck with media creators.  "iTunes features movies from all of the major movie studios including 20th Century Fox, The Walt Disney Studios, Warner Bros., Paramount, Universal Studios Home Entertainment, Sony Pictures Entertainment, Metro-Goldwyn-Mayer (MGM), Lionsgate and New Line Cinema."