In 2006, online music purchases in Europe alone has reached 280m euros (£189m, $359m) and is expected to become a 1.1b euro (£744m, $1.1b) market by 2010.
Instead of focusing efforts on CD music markets, the record labels need to figure out a new and better way to deliver music to the consumers. With the rise of the online markets, its expected for the physical music market to continue to decline.
Source:
BBC
Written by: Dave Horvath @ 24 Aug 2006 6:37