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July 15, 2005

U.S. Digital Music Industry Predicted To Hit $1 Billion By 2007

Press Release: A variety of estimates indicate that digital downloads and subscription music will be a $1 bln business in the US by 2007. eMarketer's latest research report Online Music: Downloads, Streaming, Radio, Mobile looks at the evolving digital music universe, emerging business models, and key industry players. The report aggregates the latest data from leading researchers like BearingPoint, GartnerG2, Informa Media Group, International Federation of Phonographic Industry (IFPI), Ipsos-Insight, Nielsen//NetRatings, NPA, PricewaterhouseCoopers, RIAA, Yankee Group and others...

Some Highlights:
- There are now over 230 music services online where consumers can purchase music
- By the end of 2005 there will be over 41 million BB households in the U.S. and an almost equal number of digital audio players in the market.

Emarketer_graph_2

Posted by Todd in Research | Permalink

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