Only Strong Will Survive In Online Music
“The music industry’s annual conference is abuzz with the success of legal download services such as Apple iTunes, but some participants warn that a shakeout could be coming among its many competitors.
“There are some 355 online music sellers, according to a report by the International Federation of the Phonographic Industry released last week, and their revenues tripled to $1.1 billion in 2005.
“But with Apple’s iTunes Music Store commanding a dominant share in many of the biggest markets, there are concerns that some of its smaller rivals may be forced to consolidate.”
Adam Pasick. Shakeout Looms In Booming Digital Music Sector. Reuters. Jan. 23, 2006.
BBC. Apple iTunes Users Growing Fast. Jan. 23, 2006.
CopyCense™: K. Matthew Dames on the intersection of business, law and technology. A business venture of Seso Digital LLC.