iTunes holds 12.6% of U.S. music market
Digital music sales continue fast growth in the U.S., accounting for 18 percent of the music market there this year, and set to climb to 41 percent of total sales across the next five years, Forrester Research reports. The report predicts 55 percent of U.S. online consumers will pay to download music in 2013. Despite this strong growth, labels must get used to a smaller value music market, say the analysts, overall the U.S. music market will shrink from its current level of $10.2 billion to $9.8 billion in the next five years. Forrester also found 64 percent of subscribers… Read more »
