Digital Music Sales Up Worldwide

January 24, 2008 By RAPHAEL G. SATTER, Associated Press Writer Digital Music Sales Up Worldwide (AP)

French President Nicolas Sarkozy gestures as he delivers a speech to foreign ambassadors during a ceremony to extend New Year wishes at the Elysee Palace in Paris, Friday, Jan. 18, 2008. (AP Photo/Michel Euler)

(AP) -- Record companies' revenue from digital music sales rose 40 percent to $2.9 billion over the past year, but the growth is still failing to cover losses from collapse of international CD sales, the music industry's global trade body said Thursday.

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