Another survey predicting gloom but some hope for you record industry types. The gloom is that the decline in record sales will continue, the hope that online and especially mobile music will boom in the next few years. In fact, according to this survey by research firm eMarketer, the value of mobile music is already expected to almost double this year, from $1.7 billion in 2007 to about $3 billion. By 2011 mobile music should be generating $7.3 billion. Online sales won't grow quite so fast, but will still be generating $7.5 billion by 2011, meaning that in three years time combined digital music surveys should account for 56% of the record industry's income. So, I'd be getting me head around mobile music platforms if I was you.
Jul 7, 2008
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1 min read
Mobile music set to boom
A survey by eMarketer predicts mobile music revenue will almost double this year to about $3 billion, reaching $7.3 billion by 2011.