Asia 40% Of Global Music Market By 2011
THE NUMBERS:
- By 2011, the Asia Pacific region will represent 33% of the global music market, and 40% of global digital revenues.
- The Asia Pacific music market will grow from 9 billion dollars US to 10 billion dollars by 2011
- Physical sales will decline at a 9% compound annual rate
- Digital music will grow at 30%
- Asia constitutes 60% of the world’s mobile music market. That’s 3 times the size of the US with Japan, China and S. Korea cornering 95% of the Asian market.
From PriceWaterhouseCoopers’ Global Entertainment and Media Practice Leader Marcel Fenez in his presentation at Music Matters via Radio and Music.
Share on:
