Music Sales on the Web to Hit Jackpot

Well, in Europe. Selling songs over the Internet in Western Europe will explode to a 3.5 billion euros a year market by 2009, according to Forrester.

Britain, France, and Germany will control the bulk of the market. Over 60 percent of legal downloads in Europe will be sold in these three countries in 2009. Southern Europe’s Spain and Italy will grow strongly to account for around 20 percent of the market by 2009.

In related news, Apple said that it had sold over 5 million tracks since it launched in Europe 12 weeks ago. Apple did not break down the figures to individual countries, but if European sales continue at the same rate iTunes should be on course to shift nearly 22 million tracks by the time of its first anniversary next summer.

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