”Slow growth” is expected from the digital music...
"Slow growth” is expected from the digital music industry over the next five years, with a projected value of $13.9 billion in 2019 compared with $12.3 billion in 2014, said a Juniper Research news release Tuesday (http://bit.ly/VD8sqB), highlighting its report…
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(http://bit.ly/VDPPDc) estimating future digital music sales. The “robust” music streaming industry will “largely be offset by [a] decline in revenues from legacy services such as ringtones and ringback tones,” said the release. Services like Pandora and Spotify will “increasingly find themselves competing with personalised services from the leading OTT (over-the-top) players, including Apple and Google,” it said. “The report cautioned that piracy was still responsible for major revenue leakage, particularly in emerging markets, such as China,” it said. Smartphones and tablets are expected to be the “main platforms of growth, although digital music revenues on the PC/laptop will remain robust over the forecast period,” it said.