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Revenues Plummet as Consumers Demand Music Everywhere

May 25, 2011

Revenue growth in digital music dropped from 91% in 2006 to 6% in 2010, according to a new Parks Associates report. "For years, the music industry concentrated on piracy as the biggest threat, but that focus is changing," said Laura Allen Phillips, Research Analyst, Parks Associates. "Consumers are used to the idea of ‘free’ music, so service providers need to add something of value beyond the music itself."

Parks Associates' new report examines how key players from transactional vendors and streaming music services to mobile operators and consumer electronics OEMs are using digital music to generate revenues, increase the value of their product lines, and promote stickiness within their subscriber bases. Parks Associates will present new consumer research and examine business issues for the digital music and media industries at CONNECTIONS™, June 28-30, Santa Clara, in the sessions "Digital Media Distribution: Cloud Publishing and Delivery" and "The Evolution of the Personal Cloud."

-- Submitted by HomeToys.com --

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