Digital music is set to become increasingly important to the record industry, accounting for 16 percent of total recorded music revenues by 2011

Digital music key to record industry: report
Tuesday, March 21 2006
by Ciara O'Brien
hat's according to new research from JupiterResearch, which has found that digital music is becoming a key revenue stream for record companies. Back in 2005, digital music accounted for 2.2 percent of total European music revenues. The report also predicts increasing consolidation within the market. Its research found that high costs for music rights, low operating margins and intense competition are threatening the long-term prospects of some of the European digital music services that are currently in the market. >> ElectricNews