Digital Tune Sales Double
"Sales of digital tunes in 2004 in the United States will reach $270 million, more than double the takings from the previous year, according to a report released by JupiterResearch.
"That revenue will rise to $1.7 billion, or 12 percent of total consumer spending on music, by 2009, the research firm projected.
"While healthy sales of digital downloads have brought cheer to the U.S. music industry, which has seen four years of sliding sales for compact discs, the growth in the niche is not enough to make up for the shortfall."
Dinesh C. Sharma. Study: Song Downloads to Hit a High Note. ZDNet.com. July 26, 2004.
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