Mobile/PDA About Us Advertise here
User User name Password  
  Not registered yet? Register here.
Lost your password? Click here. 		 
  Home   News   Guides   Downloads   Glossary   Hardware   Profiles   Forums  
 Latest news     Press releases     Search news     Submit news     Our RSS newsfeed     Advertise at AfterDawn.com
Wednesday 20.8.2008 / 06:32 AM
Search:        In English   Suomeksi   På svenska
afterdawn.com > news > online music market expected to reach €780m in 2005
Show topics
News
News

Online music market expected to reach €780m in 2005

15 April 2005 10:08 by James "Dela" Delahunty

Online music market expected to reach €780m in 2005 According to market research firm In-Stat, the Global music download market is going to reach €780m in 2005. That is a growth increase of 134%. The firm says that increasing competition between sites is a key factor in the growth. More sites are adding more and more music tracks to their catalogue attempting to attract new customers. Apple of course is still ahead of the market with its 70% share, continuing to sell millions of digital downloads.

Sites are also beginning to sell more live performances and remixes of music, which is attracting more customers. The market so far is all about consumer loyalty, another area where Apple rules above the rest by gaining a lot of respect from its customers for its pricing models and reliability. However, P2P and online music piracy refuses to back down and continues to cause headaches all across Hollywood.

In a survey, half of the people admitted that they have downloaded music without paying for it. The average person who paid for music, spent €19.5 (on average) in the last year on it. However, despite piracy, consumers are showing more awareness and interest in legal music stores. The survey also showed that more people are using portable digital audio players. 35% of al respondents own an MP3 player, and 70% of them say it is their first.

Source:
DMeurope.com

Permalink to this article

Get AfterDawn's news to your favourite feed reader! Share this story with your friends!
 

 
Related articles:

  • In-Stat: DVD recorder sales rise while players fall (29 August 2007)
  • Record executives upset with Apple? (15 April 2005)
  • From PyMusique to Musik (15 April 2005)
  • Download music straight from your Digital Radio (13 April 2005)
    •  

    « Previous news article
    Record executives upset with Apple?     		Next news article »
    Comcast sued for giving subscriber info to RIAA
    Discuss this article! 
     Post your comment
     

    Subscribe to our newsfeed

    Get the latest headlines delivered directly to your favourite RSS reader or content aggregation service by using the links below.

    AfterDawn.com: News - RSS feed
    Add to Google
    Add to My Yahoo!
    Add to MyMSN

    Latest news

    RSS Feed

    Latest news from AfterDawn.com.

    More news...

    Search for headlines

    Search through our news archive.

    Latest threads

    Recently updated
    discussion threads.
     

    More...

    Last week's most popular software downloads

    Most popular devices

    Last week's most popular devices in our hardware section.

    More products...

    Latest software updates

    RSS Feed

    More software updates...

    Top links

    Most popular links

    Digital video: AfterDawn.com | AfterDawn Forums | DVD X Copy Forums
    Music: MP3Lizard.com
    Gaming: Blasteroids.com | Blasteroids Forums
    Software: Software downloads
    Blogs: User profile pages
    RSS feeds: AfterDawn.com News | Software updates | AfterDawn Forums
    International: AfterDawn in Finnish | AfterDawn in Swedish | download.fi | fin.MP3Lizard.com
    Navigate: Search | Site map
    About us: About AfterDawn Ltd | Advertise on our sites | Rules, Restrictions, Legal disclaimer & Privacy policy
    Contact us: Send feedback | Contact our media sales team
     
      © 1999-2008 by AfterDawn Ltd.