Report: Digital Music Sales To Surpass CD By 2013
January 19, 2009, 15 years ago
Jen Wilson from Billboard.biz is reporting:
A study of over 4,200 online consumers in Europe has predicted digital music will have a majority stake (57%) in the recorded music market by 2013. Digital licensing is expected to generate another €1.2 billion ($1.6 million).
The report, entitled How Digital Licensing Will Help Save the Music Industry, was released today by independent research company Forrester Research.
Its six-year forecast also states that online piracy remains a massive problem, particularly amongst 16 to 19-year olds, where it found file-sharing occurred four times more than legal downloading.
The popularity of social networking is expected to double to 78 million by 2014, prompting a surge of subsidized services offerings free music. Such a business model is also on trial via Nokia Comes With Music.
Read more here.
