28
Sep
The compact disc has at least another five years as the most popular music format before online downloads chip away at its dominance, a new study said on Tuesday.
Technology consultancy Jupiter Research said in its annual report that in 2009 European music fans will buy 836 million euros ($1 billion) worth of music in the form of digital downloads and subscriptions to Internet radio services.
At that level, digital music revenues will account for roughly 8 percent of Europe’s estimated 10.2 billion euro music market. The study does not take into account the surprisingly successful market for mobile phone ring tones. [more @ www.reuters.com]
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