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November, 2006 -- Sony UK Sees 50% CD Decline by 2010 January 20, 2004 -- Despite a confusing marketplace, Internet analysts expect digital music to take a big spike in 2004. Forrester Research says online digital downloads will increase from $256 million this year to $2.1 billion in 2007. Dollars per consumer will grow from $1.03 in 2004 to $8.09 in 2007. January 26, 2004 -- Josh Bernoff, principal analyst at Forrester Research said: "Songs are fluid; albums are dead. Retailers are no longer the place to buy music. The CD will be passe by 2007." Bernoff also predicted that the $700 million digital music market is expected to grow to $4.6 billion by 2008. August 2002 -- By 2007, music downloading will reach $2 billion in sales, or 17 percent of the music business, according to Forrester, if the RIAA is willing to present a solution that consumers can accept. Provided such a solution exists, the industry could see a turn around in profits as soon as 2004. Continuing down the road of strong arm legislation, customer alienation, and heavy handed tactics, will bring about the exact opposite result. January 12, 2000 -- Last year, sales of online music amounted to roughly $1 million, according to Boston-based Forrester Research, sales of online music are expected to rise to as much as $4 billion by 2003. November, 1999 -- According to Jupiter Communications, a mere 5.7 percent of music sold online in 2003 will be digital. November 24, 1999 -- Music sold over the Internet will rise to a value of $5.2 billion in 2005 from about $170 million last year as users find it easier to order CDs and download songs online, a Music Business International (MBI) report said. Internet sales will be a 10th of the $46 billion music market in 2005, with downloaded music pegged to be worth $635 million. November 24, 1999 -- EMI forecast that 10 per cent of music sales would move onto the Internet within five years. October 13, 1999 -- The technology behind the music industry is moving so blindingly fast that in five years your cd collection may be as obsolete as those big band era 78 rpm records your grandparents hoarded. You may not only listen to an artist -- but you might remix his album for yourself, adding more bass or more vocals to your own taste... |
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