Wednesday, March 29, 2006

Report: Online Music Sales to Offset Physical Sales Decline in Europe (From Digital Media Wire)

Amsterdam - Sales of physical music formats (CD, DVD) in Europe are projected to fall 30% over the next five years, but online music sales will grow to represent a third of the overall market and make up for this loss, according to a report from market research firm Forrester. While total European music sales are forecasted to grow from $11.41 billion in 2006 to just $13.21 billion in 2011, online sales in the region will skyrocket from $335.2 million this year to $4.7 billion during the same period, Forrester said.
http://www.forrester.com/Research/Document/Excerpt/0,7211,38733,00.html
http://tinyurl.com/n27jy (Reuters)

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