According to In-Stat, a research firm in Scottsdale, Ariz., the worldwide online music market is expected to grow 134 percent in 2005, reaching $1 billion for the first time. The report states that, “more than 200 sites offering digital downloads are now available. While Peer-2-Peer (P2P) and piracy issues have not entirely disappeared, consumers are showing heightened awareness and interest in legitimate online music services.”
MusicIndustryStocks.com recently reported that RealNetworks (RNWK) now has more than one million subscribers to its subscription music services. And how many teenagers and people on busses and trains do you see without an iPod?
You do the math.