Digital Music Revenue Will Reach $6.2 Billion by 2011

The music industry is in a state of transition. Since 1999, sales of physical recordings (primarily CDs) have declined 5 out of the past 6 years and will continue to do so for the foreseeable future. At the same time, digital music is growing—though not at a rate sufficient to completely offset declining CD sales. Yankee Group defines digital music as music sold either as a digital download or through a subscription service. Digital music includes both online and mobile music.

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