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Music labels still expect to see sales drop by $5 billion

With traditional music sales of CDs plummeting, music labels are looking for alternate revenue streams. While record labels see higher profit margins from physical media sales like CDs, the huge volume of sales that digital downloads can deliver may offset the lower profit margins.

According to a new study from research firm eMarketer, traditional music sales will continue to decline, but online and mobile music sales will grow rapidly. As faster mobile networks are introduced around the country, digital music downloads will become faster and easier for users to purchase.

The report predicts that by 2011, mobile music sales will be a $7.3 billion business. In 2007, mobile music sales amounted to $1.7 billion and by the end of the year sales are predicted to total about $3 billion. In 2009 the number is expected to hit $4.8 billion and by 2010 the mobile music industry will be worth $6.2 billion.

Despite the huge growth to be seen in the mobile music market, Information Week reports that the music industry expects to see a decline in music sales of about $5 billion. The report includes master recording ring tones, full-track audio downloads, ringback tones, music video downloads and streaming services in the predicted market worth.

There are many mobile services looking to cash in on the massive growth expected for mobile music downloads. Apple’s iTunes music download service is currently the top digital music retailer and Apple has said it plans to enter the mobile music market with ring tones and more.

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RE: I don't care...
By exploderator on 7/7/2008 2:38:31 PM , Rating: 1
Amen. Every penny you give them funds an EVIL WAR against us. Worse than terrorism, so don't buy it.

Buy only direct from artists, they get more; or steal if you have to, and donate directly to the Artists. They need to eat too, and they might see us more as friends, and help us fight the big industry.

The music industry wants no less these days than to be the beneficiaries of a facist police state . They intend to have our internet censored, mandate our communications protocalls, mandate the technology that we are allowed to use, etc., and all for nothing but their excessively greedy profit. It's as bad as calling for a whole new set of nukes to exist where none did before. You build this weapon of control against the people, and facist accidents will happen. Hello DRM meets DPI meets biometric ID.

Who ever said that copyright was meant to elevate anyone to the level of gods? Obviously only thems that wishes for it, on the backs of everyone else.

Since "they" are waging a war to pervert our legal systems, and destroy our rights, I think it's high time we consider taking back away from them as much as they would take away from us. Remember that copyright is a meant to be a privilege at law, not a fundamental right. That's why it's not in the constitution or charter (Canada). It's just a nice fair bonus to have some protection legally, when you can't really quite do it physically (can't keep IP forever in a safe and still sell it). But since the big companies want to be unfair, then I say it's fair turnabout: our public wellbeing is worth protecting with punative retaliation. Teach those who replace them to play fair or suffer our indignation and wrath.

Too bad the governments are all sold out too. We have no advocates. Otherwise it never would have come to this.

"So if you want to save the planet, feel free to drive your Hummer. Just avoid the drive thru line at McDonalds." -- Michael Asher

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