eMarketer estimates that the worldwide market for recorded music, live music and music licensing will reach $67.6 billion by 2011, up from the 2006 total of $60.7 billion," says Paul Verna, eMarketer Senior Editor and author of the new Global Music: Tuning into New Opportunities report. "Over that period the industry will grow at an average annual rate of 2.19%."The million dollar question is: Will the digital segment sales compensate for the losses in physical sales of CDs? No, according to this article. Any new growth will come from online and mobile music, live concerts, and licensing of music for use in commercials, TV shows, films and video games.
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