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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 |

Microsoft to Power Online Music Service for U.K. Retailer HMV

Authored by Mark Hefflinger on January 3, 2005 - 3:54am.
London -- U.K. music retail store chain HMV announced that it partnered with Microsoft to launch a digital music service in the second half of the year. The company said it will spend about $19 million to develop and market the service. HMV already offers an online subscription service that is powered by Loudeye subsidiary OD2, and is partnered with Amazon.com to operate its online CD and DVD stores outside the U.K. The new HMV digital music service will not support Apple's iPod player, and the company said it will cease selling the iPod in its retail locations once the Microsoft-powered service launches.
tags: Microsoft | Online Music | HMV | U.K. Retailer |