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Tue, 27 Jun 2006 Online music sales to reach $47.9bn by 2010: analysts

Macworld staff

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Analysts at PricewaterhouseCoopers expect digital content consumption to explode as broadband expands its reach.

The analysts expect that growth in digital distribution and mobile music will offset declining spending on physical music formats. "Globally, recorded music spending will rise at a 5.2 per cent compound annual growth rate to $47.9 billion in 2010," the analysts said.

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Mark Hattersley
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Do you share your creations online?

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paintings & illustrations, mostly, which i upload to flickr.RT @fragmentedm

I draw manga/anime characters. I also do graphic design and photography.RT @spialelo

Yes. I usually put them up on my #deviantart account for feedback on how to improve.RT @spialelo

New revenue streams are growing rapidly, the growth of physical formats has slowed, and availability of licensed digital distribution now provides consumers alternatives to piracy, the report, Global Entertainment and Media Outlook: 2006–2010, explains.

"Virtually every segment of the entertainment and media industry is shifting from physical distribution to digital distribution of content," said Wayne Jackson, global leader of PricewaterhouseCoopers' Entertainment & Media Practice.

"As this shift continues, we see more revenue opportunities for entertainment and media companies. So while physical distribution of content is declining, that decline will be offset somewhat by digital distribution, which is driving and creating new growth opportunities."

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