Tuesday, May 08, 2007

music business will total $26.5 billion in 2011

eMarketer reports on the growth potential and ongoing changes in music industry-
According to the report -"CD sales will continue to decline sharply, the music industry as a whole is healthy, and growth in many other areas will more than make up for the shortfall.
Growth will come from online and mobile music, the live concert industry and the licensing of music for public performance, commercials, TV shows, films and video games, according to eMarketer's report Global Music: Tuning in to New Opportunities.
In North America, the music business will total $26.5 billion in 2011, growing at an average annual rate of 2.8% from $23.1 billion in 2006. Recorded music revenues will remain flat as declining CD sales cancel out the sharp gains in digital sales. Music publishing and live music, however, will grow."

I have said many times- nothing compares to a live concert - and as a fan I see I am paying more and more each time - so the industry must be cashing in !

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