With Apple’s iTunes Music Store fast approaching 100 million songs sold and competing services sprouting up around the Internet, the Recording Industry Association of American has announced that it will award Gold and Platinum status to downloaded music, according to a
Hollywood Reporter story carried by Reuters and other media outlets. While physical sales must reach 500,000 and 1,000,000 copies for Gold and Platinum awards, respectively, downloads will require sales of 100,000 copies for Gold and 400,000 for Platinum. Multi-Platinum status will be recognized for each 200,000 copies sold above 400,000. The official launch of the new awards will happen in late Aug. during an event still to be announced, Hollywood Reporter said.