Some big news for digital music coming in today. According to a New York Times report, Atlantic, a unit of Warner Music Group, says it has reached a milestone that no other major record label has hit: more than half of its music sales in the United States are now from digital products, like downloads on iTunes and ring tones for cellphones.
While this is a major step for digital music, it does not mean that record labels are out of the metaphorical woods. While the digital sales are now the largest part of the music "pie," the pie as a whole has shrunk overall.
Check out the story here.