Summary:

Jupiter Reasearch expects Net music sales to grow to $3.3 billion in 2008 from less than $1 billion in 2003. Jupiter, which released its upd…

Jupiter Reasearch expects Net music sales to grow to $3.3 billion in 2008 from less than $1 billion in 2003. Jupiter, which released its updated estimates Monday coinciding with Plug.IN Music Conference, said it expects Internet sales to account for just over 25 percent of U.S. music spending by 2008. Sales of CDs over online outlets will remain flat in 2003 at about $750 million, according to the study.
“While Apple has rekindled interest in digital downloads, total digital sales–downloads and subscriptions–will not surpass $80 million this year,” according to the research firm.

By Rafat Ali

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