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| From | Benjamin Lukoff <blukoff@alvord.com> |
| Subject | Re: Singing The Blues: Online Music Sales Pass CDs by 2012 |
| Date | Wed, 20 Feb 2008 13:14:14 -0800 (PST) |
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Jimmy Iovine thinks it's the bands' fault...
http://idolator.com/358681/a-music+industry-captain-drops-some-science-for-the-masses
On Wed, 20 Feb 2008 jchasin@nyc.rr.com wrote:
> Forwarding an article from Mediapost, a media business electronic
> trade pub...
>
> ******************
>
> Singing The Blues: Online Music Sales Pass CDs by 2012
> Erik Sass
>
> CDs will be singing the blues. Digital music sales will pass CDs by
> 2012, according to a new study from Forrester Research. Forrester says
> digital sales are set to grow 23% every year for the next five years,
> topping $4.8 billion by 2010. CD sales will probably sink to $3.8
> billion by 2012.
>
> A separate study from Nielsen Music, including SoundScan, BDS and
> RingScan, says digital sales already accounted for 23% of total sales
> in 2007. Individual track sales increased 45% from 2006-2007, with 840
> million sold, while digital album sales rose 53% to over 50 million.
> Nielsen also says that physical album sales (meaning, CDs) declined
> 15% from 2006-2007.
>
> While the digital boom sounds like good news, it presents a gloomy
> picture for the music industry. The Forrester study, titled "The End
> of Music As We Know It," notes that new digital sales revenues won't
> come close to replacing the lost CD revenues. From a high of $14.2
> billion in 2000, total revenues will shrink to just $8.6 billion in
> 2012, if Forrester's prediction holds.
>
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