PricewaterhouseCoopers' annual investigation of the state of the entertainment industry - the Global Entertainment and Media Outlook - reckons the music sector will now continue to grow in strength, primarily because of the growth of digital distribution. The report reckons that digital music sales will increase from the $71 million generated in 2003 to $2.2 billion in 2008. By that point, they predict, digital distribution with be the main 'sales engine' for the music industry.
The study reckons that the biggest growth area for the music industry will be the Asia Pacific region where the market will grow by 9.8%. The US will see the second highest expansion - in the region of 5.4%.