“The End of the Music Industry As We Know It”
Posted by T Rex on February 19, 2008
Forrester released a report titled “The End of the Music Industry as We Know It” which says digital revenues will surpass those of CDs by 2012. Only “modest growth” is predicted for subscription services.
“This is the end of the music industry as we know it,” said Forrester Research Vice President and Principal Analyst James L. McQuivey. “Media executives eager to stay afloat in this receding tide must clear the path of discovery and purchase, but only hardware and software providers can ultimately make listening to music as easy as turning on the radio.”
Read the press release here.
Read CNET News Blog reaction to report here.