Monday, December 08, 2003

Recording Executives See Brighter Outlook

Associated PressOnline music piracy isn't likely to vanish soon, but the rise of paid online services and the growing popularity of portable digital music players portends greater demand for digital music next year and better fortunes for the embattled recording industry, music executives said Monday.

…That alone may not help the industry make up for lost revenue from the millions of songs illegally downloaded using software like Kazaa, nor add up to the kind of profits made off CDs. About 70% of U.S. households don't get their music over the Internet, according to a study by Dallas-based market research firm Parks Associates.

From the article "Recording Executives See Brighter Outlook" by Alex Veiga

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