CDs_Will_Die_But_Net_Music_May_Be_a_Business_Bubble

CDs_Will_Die_But_Net_Music_May_Be_a_Business_Bubble - CDs...

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CDs Will Die But Net Music May Be a Business Bubble Sat Jan 24,12:23 PM ET Add Technology - Reuters Internet Report to My Yahoo! By Bernhard Warner, European Internet Correspondent CANNES, France (Reuters) - Music downloads will render the ubiquitous compact disc all but obsolete in the next five years, yet half of all companies that begin selling digital songs online will fail by year-end, a researcher warned on Saturday. By 2008, one third of music sales in the United States and nearly 20 percent in Europe will come in the form of downloads and streaming music over the Internet, building a multi-billion dollar business for the battered music industry, according to a new study by consultancy Forrester Research. "The industry is going through a complete change in the way people consume music," Josh Bernoff, a Forrester Research analyst told a gathering of music and technology executives at the annual MidemNet conference. He said the U.S. market alone for downloads and subscriptions to online music stores will top
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CDs_Will_Die_But_Net_Music_May_Be_a_Business_Bubble - CDs...

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