U.K. Downloads To Soar In 2008, Says ERA

British consumers will likely spend more than £160 million ($312 million) on digital downloads this year, up by roughly 50% from the previous year, according to new figures published by ERA Digital, a division of the Entertainment Retailers Association trade body. A spike in interest for full album downloads is one of the catalysts for growth, ERA reports, a format which is forecast to account for £69.4 million ($135 million) in sales this year. Single track downloads will be worth an estimated £96.4 million ($188 million). (Billboard)