Digital music distribution: markets, analysis Digital music dand forecasts 2010 – the continued impact of mobile music and itunes-Aarkstore Enterprise
Digital music distribution: markets, analysis Digital music dand forecasts 2010 – the continued impact of mobile music and itunes-Aarkstore Enterprise
According to a recent report on CNN, ‘total revenue from U.S. music sales and licensing plunged’ between the years 1999 and 2009. They said that ‘at the end of last year, the music business was worth half of what it was ten years ago and the decline doesn’t look like it will be slowing anytime soon’.
Many believe that the main reason for this decline is the increased popularity of digital music. The report quotes the former Head of Yahoo Music as saying ‘The CD is still disappearing, and nothing is replacing it in entirety as a revenue generator. Digital downloads are not even going to replace what the CD business did for the industry.” However, digital licensing revenue has reached toward 0 billion in 2009, and we expect it to grow even further in the next couple of years.
Digital distribution and music on the mobile