Music Business

REWIND TO 2005: “New Stats Show Legal Downloads Growing”


image from hypebot.typepad.comThe first in a new ongoing series that looks back at a decade of Hypebot posts covering the news and opinions that shaped the music industry.

 From July 26, 2005 – "Widespread broadband adoption combined with the digitization of music and the emergence of portable digital music players is fundamentally changing the music industry," acorrding to Ben Macklin, Senior Analyst at eMarketer and author of eMarketer's new report, Online Music: Downloads, Streaming, Radio, Mobile.

"While the Kazaas and the Groksters and eDonkeys of the world will continue to be the underground nemeses of copyright holders, legitimate online music services such as iTunes, Napster, Rhapsody and others are competing with P2P networks, and an increasing percentage of all music sales are being conducted online."

Enhanced by Zemanta

Share on: