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Report: Online Music Sales to Offset Physical Sales Decline in Europe

Authored by Mark Hefflinger on March 29, 2006 - 10:00am.
Amsterdam - Sales of physical music formats (CD, DVD) in Europe are projected to fall 30% over the next five years, but online music sales will grow to represent a third of the overall market and make up for this loss, according to a report from market research firm Forrester. While total European music sales are forecasted to grow from $11.41 billion in 2006 to just $13.21 billion in 2011, online sales in the region will skyrocket from $335.2 million this year to $4.7 billion during the same period, Forrester said.
tags: Europe | Report | Sale | Decline | Online Music | Offset | Physical Sale |