Strategy Analytics has published its latest Global Recorded Music Market Forecast report, which predicts that digital sales will overtake CD sales in the US in 2012. That’s based on forecasts of $2.7 billion of consumer spending on CDs in the US next year, versus $2.8 billion for online music. The report also looks further out to 2015 by which time SA expects online music revenues to be made up of 39% single-track downloads, 32% album downloads, 14% subscription and 14% advertising. “Music companies must look beyond download-to-own for digital revenue growth,” says senior analyst Jia Wu. “With rapid adoption of connected devices and ubiquitous broadband, music fans will expect greater flexibility and wider consumption choices.” We’ll be taking a look at analyst forecasts and their effect on the industry in today’s Music Ally Report, which will be published this evening.
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Posted in • Analyst Forecasts
