The death of Whitney Houston found nostalgic fans rushing to buy the music icon's catalog of digital works, which means a bittersweet payday for her label Sony Music. But a gaffe overseas is making Sony out to look like a greedy opportunist.
Recorded music sales in America plunged another 7% last year as the sharp 16% drop in CD revenue more than offset gains in digital-media sales, according to new report. Overall sales fell despite the fact that illegal downloads of music have declined markedly since LimeWire was shut down.
A U.S. federal court has issued an injunction to stop the LimeWire file-sharing service, which allowed users to share songs and other files over the Internet. The Lime Group was found liable of copyright infringement in May.
