Online Music Sales To Pass CDs in 2012: Report
Digital Media Wire reports that sales of digital music downloads will grow at a compound annual growth rate of 23% over the next five years, reaching $4.8 billion in revenue by 2012—when they will overtake CD sales, according to a new study from Forrester Research.
The article said that despite the rise, digital will still not compensate for falling CD sales, which will drop off to just $3.8 billion in 2012. “This is the end of the music industry as we know it,” said Forrester principal analyst James L.
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