Well, this will make the day of CMU readers working in American record labels. Those PriceWaterhouseCoopers bods have forecast that recorded music revenues in the US will decline at a 0.4% compound annual rate over the next five years as physical product sales continue to decline. On the up side, big gains are expected in the digital and mobile domains - with estimates that the online music business will be worth $4.5 billion by 2011, while mobile will be generating $2 billion. But, the bean counters say, those increases won't completely compensate for an expected 13% decline in CD sales, hence the overall falling fortunes.
Jun 22, 2007
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1 min read
PwC predict overall decline in US recorded music sales
PriceWaterhouseCoopers forecast US recorded music revenues will fall 0.4% a year over five years, as CD sales decline and digital and mobile gains fall short.