Music industry 'financially bedraggled' as gap widens between digital and physical revenues
Tuesday, Nov 8th 2011 at 10:26AMOnline music spending was $5.9 billion in 2010 and is expected to grow to $7.7 billion by 2015, whilst spend on physical formats during this time is predicted to decrease from $15 billion to $10 billion. Gartner also predicts that subscription services will account for 29 per cent of all consumers' online music spend by 2015, worth $2.2 billion.
These spending patterns are attributed to the growth of digital music services such as Spotify and iTunes.
Mark McGuire, analyst at ...
Login to access this article
To access this article you need to be a subscriber. If you are a subscriber login below.
Login NowSubscribe
If you have previously taken a trial you will need to subscribe to access this article.
Subscribe Now
