Online music : Small but Sky-Rocketing

It’s been a big week for the online music business with the announcement that the sale of legal music downloads passed the $1 billion milestone in 2005.   For all the hype, however, we should still put the online music business in context.  It’s still a small part of the overall business, just 6% of total sales for 2005.  And the gains in online sales have not matched the decline in traditional CDs and other recorded music, as the overall industry has fallen from $39.7 billion in 2000 to under $31 billion last year.  But the staggering growth rate, in which online music sales tripled from the prior year, have given hope to the recording industry that it’s finally turned the corner into the new digital world.

One thought on “Online music : Small but Sky-Rocketing

  1. Do you spent any time on subscription digital music services, and have you picked up / or use a Janus enabled device for your portable audio / video consumption?Also, Who can currently beat you at AIMFight?