Thursday, April 17, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Reports Lower Than Expected First Quarter revenue
AMD Demonstrates Next-Gen x86 APU Running Fedora Linux
Lenovo Introduces A to Z and FLEX 2 series Of Laptops and Desktops
Japanese Court Rejects Mt Gox Bankruptcy Protection Application
LaCie Warns Of Security Breech
Smartphone Makers, Carriers To Support Anti-theft Initiative
Samsung Galaxy S5 Carries A Very High Bill of Materials
Intel's Quarterly Net Better Than Expected
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > Consumer Electronics > Digital...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, July 28, 2004
Digital Music Sales Will Hit $1.7 Billion in 2009


JupiterResearch, a division of Jupitermedia Corporation (Nasdaq: JUPM), revealed in its latest music forecast presented today at the Jupiter Plug.IN Conference & Expo 2004, that digital music sales will more than double compared to last year, reaching more than $270 million in 2004, and will grow rapidly to $1.7 billion in 2009, totaling 12% of consumer music spending. While digital music will return the U.S. music industry to growth after four years of steeply declining sales, digital music still will not replace CDs or bring music sales back to its 1999 peak.

Over time, revenues for digital subscription services will outpace those of digital download, which will remain a market for potential buyers to sample music before purchasing the actual CD in the near-term. "The so-called celestial jukebox is in sight," said JupiterResearch VP and Senior Analyst David Card, "But for now, it will appeal to music aficionados. The U.S. music industry must manage digital music as one of a series of incremental revenue streams, one that is in the same scale as licensing (e.g., ring tones, games and advertising)," added Card.

Meanwhile, U.S. shipments of MP3 players will grow over 50% in 2004 to well over 5 million, and will continue to grow almost 50% per year for the next several years. "A lot of the action in hard drive-based devices will be at the low end in terms of price and capacity that will help drive the market," stated JupiterResearch VP and Research Director Michael Gartenberg. "JupiterResearch surveys show that 77% of consumers who would purchase a portable music player would want no more than 1,000 songs on a player at any given time, regardless of the size of their music collection," added Gartenberg.

From JupiterMedia



Previous
Next
Nvidia ForceWare 61.77 drivers        All News        Iomega announces 12X +R and 2.4X DL USB2.0 recorder
Lazy new iPod owners rescued by ripping idea     Consumer Electronics News      iTunes gears up to take over your mobile

Source Link Get RSS feed Easy Print E-Mail this Message

Related News
MP3tunes Files For Bankruptcy
Tech Group Proposes New Format For Digital Music Files
Thomson Introduces mp3HD File Format
Music File Compressed 1,000 Times Smaller Than MP3
Creative Reaches 25 Million MP3 Player Milestone
First Mass Mailing of MP3 Spam Detected
SanDisk Announces the New Sansa View
AllOfMP3 Shut Down by Russian Government
Creative Introduces the ZEN Stone Plus
Creative Introduces the ZEN Stone MP3 Player
Fraunhofer IIS Introduces MP3 Surround Sound for Internet Radios
Credit card firms block AllofMP3 payments

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 .