New market research said traditional channels will still account for two thirds of the European music market in 2011, but digital music sales may fill the gap.
A new report from Forrester Research suggests that while music in traditional formats like CDs will still account for two-thirds of all music sales in Europe way out in 2011, but digital music sales should fill the revenue gap left by the CD’s decline.
Forrester predicts a 30 percent decline in music sales in “traditional” formats like CD and DVD by 2011, but predicts online says will grow more than tenfold in the same time period to
