A Persistent Format [7:27 am]
Or a measure of the unpopularity of DRM-encumbered downloads? Compact Disc Rocks On
The compact disc has at least another five years as the most popular music format before online downloads chip away at its dominance, a new study said on Tuesday.
Technology consultancy Jupiter Research said in its annual report that in 2009 European music fans will buy 836 million euros ($1 billion) worth of music in the form of digital downloads and subscriptions to internet radio services.
At that level, digital music revenues will account for roughly 8 percent of Europe’s estimated 10.2 billion euro music market. The study does not take into account the surprisingly successful market for mobile-phone ring tones.
The piracy-battered music industry is desperate to see industry-backed download services become a hit with consumers to derail the popularity of free file-sharing networks such as Kazaa and eDonkey.
But trying to predict growth in the nascent digital music sector has proved extremely difficult.