Abstract
Abstract
The Internet is now a key distribution channel for legitimate digital music
sales; and, in 2005, online sales of digital music represented almost 5% of
the total worldwide music market. This figure is up from virtually zero
percent in 2003. In-Stat's latest report, "The Online Music Market: Downloaded
Music Will Outpace Physical Media Bought Online in 2007" (#IN0602972CM),
covers the growth of the online music market. It includes worldwide revenue
forecasts for music downloads and physical media bought online. An important
addition to this report is a worldwide revenue forecast for full-length songs
downloaded to mobile phones. Mobile music represents competition for both
traditional CD sales, as well as digital singles and albums downloaded to a PC
or portable audio player. Therefore, we can no longer exclude this growing
opportunity when discussing the online music market. Finally, the results of
an In-Stat consumer survey on online music buying and listening habits are
also presented.
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