Saturday, December 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
BlackBerry Returns To Cash Flow
Comparison: Quantum Dot Vs. OLED Displays
Toshiba and SK Hynix Reach Settlement in Lawsuit Ahead Of CES
Google Concerned About MPAA's Actions To Revive SOPA
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 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 1998-2014 - All rights reserved -
Privacy policy - Contact Us .