Monday, May 30, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Plextor To Showcase Its Gaming Grade SSDs at Computex 2016
Nvidia's GeForce GTX 1080 Launches Wordlwide
Corsair Bulldog PC Is Seeking A Place In Your Living Room
Samsung Galaxy C5 and C7 Released In China
SSD Adoption in Notebooks To Increase This Year As TLC NAND Market Matures
Samsung To Launch SamsungPay Mini Online Payments App
Facebook Publishers To Show Ads To Everyone
Samsung and Warner Bros. Release The Samsung Galaxy S7 edge Injustice Edition
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Optical Storage > US Digi...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, March 30, 2011
US Digital Music Sales Will Overtake CDs In 2012


US consumers will spend more on online music than CDs for the first time in 2012, according to the latest study from Strategy Analytics.

The report found that total recorded music sales in the US declined by 7% to $6.2bn in 2010, driven largely by a 16% plunge in CD revenues, to $3.8bn. In 2012 consumer spending on CDs will fall further to $2.7bn, more than $1bn lower than the 2010 level. But online music revenues will continue to grow, reaching $2.8bn in 2012, therefore passing CDs for the first time.

"Digital music is not developing as fast as expected," says Martin Olausson, Director of Digital Media research at Strategy Analytics. "While online revenues will expand further over the coming years, the overall size of the recorded music industry will continue to contract as record companies struggle to identify growth strategies."

The report predicts that while single track downloads will remain the single most important digital music revenue model, advertising and subscription models will gain in importance over the next five years. By 2015 online music revenues are expected to come from a mix of single track downloads (39%), album downloads (32%), subscription (14%) and advertising (14%).

"Music companies must look beyond download-to-own for digital revenue growth," says Jia Wu, Senior Analyst. "With rapid adoption of connected devices and ubiquitous broadband, music fans will expect greater flexibility and wider consumption choices."


Previous
Next
Google Adds "Like" Button To Search Results, Ads        All News        Nvidia Release 270 Beta Drivers Feature Update Notifications
Japanese Earthquake and Tsunami Effect Microboards and JVC DVD/CD Production     Optical Storage News      DVD Recordable Sales Decline, CD-R/RW Not Obsolete Yet

Get RSS feed Easy Print E-Mail this Message

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .