Thursday, May 26, 2011

Digital Music Industry Revenues Plummet as Consumers Demand Music Everywhere

Revenue growth in digital music dropped from 91% in 2006 to 6% in 2010, according to a new Parks Associates report.

"For years, the music industry concentrated on piracy as the biggest threat, but that focus is changing," said Laura Allen Phillips, Research Analyst, Parks Associates. "Consumers are used to the idea of ‘free’ music, so service providers need to add something of value beyond the music itself."

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