A week after the Recording Industry Association of America filed more than 400 lawsuits aimed at students who download music for free, a new study says the online music industry is about to experience explosive growth.

According to In-Stat, a research firm in Scottsdale, Ariz., the worldwide online music market is expected to grow 134 percent in 2005, reaching $1 billion for the first time. [more @ www.msnbc.msn.com]

Posted Tuesday, April 26th, 2005 at 8:35 pm
Filed Under Category: Music Business
Both comments and pings are currently closed.

0

Comments are closed.