Digital Music Industry Revenues Plummet As Consumers Demand Music Everywhere

[Kamlesh Barjati]

MUMBAI: Revenue growth in digital music dropped from 91% in 2006 to 6% in 2010, according to a new Parks Associates report. Digital Music Services: Trends and Outlook evaluates consumers' growing demand for music everywhere solutions and industry's response with new business models including enhanced discovery engines, multidevice access, music-centric social networking tools, and digital locker options like those being launched by Amazon, Apple, and Google.

http://www.radioandmusic.com/content/editorial/news-releases/digital-music-industry-revenues-plummet-as-consumers-demand-music-everywhere