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Wednesday, September 29, 2004
CDs have five years left versus downloads
CDs have five years left versus downloads: "The compact disc has at least another five years as the most popular music format before online downloads chip away at its dominance, a new study says. Technology consultancy Jupiter Research said in its annual report on Tuesday that in 2009 European music fans will buy €836 million euros ($1.02 billion) worth of music in the form of digital downloads and subscriptions to internet radio services. At that level, digital music revenues will account for roughly 8% of Europe's estimated €10.2 billion ($12.56 billion) music market. The study does not take into account the surprisingly successful market for mobile phone ring tones."
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