The IFPI believes that online music sales could become a rich quarter of the worldwide market in sales by 2010. With that they have stated that they would like to see more of a crackdown on illegal file sharing.
IFPI chairman John Kennedy said, "The pace of transformation in our industry is breathtaking, but at the moment the holy grail is evading us. I would like to be announcing that a fall in CD sales is being compensated for by an equal or greater increase in online and mobile revenues. But that is not yet happening on a global basis."
The IFPI said some 30,000 class action lawsuits against file-sharers has helped give some edge to their war on piracy, but have urged ISPs to assist them by now allowing such file sharing services to be setup on their servers.
Source:
BBC