eMusic, the world’s second-largest digital music service after iTunes, today announced that it has sold more than 200 million downloads since establishing its current subscription model in November 2003.

The total comprises music downloads sold in the U.S. and the E.U., where eMusic has been available in all 27 E.U. nations since September 2006. The company is now selling more than 7 million tracks a month across all territories.

The 200 millionth track downloaded was “Fiery Crash” from Andrew Bird’s Armchair Apocrypha (Fat Possum Records).

“As more choices emerge for consumers in the digital music space, eMusic continues to grow, attracting new customers and selling more music every day,” said eMusic President and CEO David Pakman. “We’ve been ahead of the curve on DRM-free formats and price since day one, and we believe these numbers show that eMusic continues to sell more digital music than any other service apart from iTunes.”

“Most importantly, we are doing a great job satisfying customers’ needs, helping them discover music they otherwise would not have found, and giving them a reason to spend money on music,” he added.

The company reached the 200 million download mark in less than a year and half since hitting 100 million downloads in December 2006 – less than half the time it took to reach 100 million downloads.

eMusic sells tracks in MP3 format at prices as low as 33 cents (30p/ 43c) a track.