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The Online Music Market: Own vs. Rent ~ Will Consumers Buy Into It?
In-Stat/MDR, March 2005, Pages: 51
The online music market has come a long way in the past few years. More than 200 sites offering digital downloads are now available. While Peer-2-Peer (P2P) and piracy issues have not entirely disappeared, consumers are showing heightened awareness and interest in legitimate online music services.
Today’s online music services offer users the ability to pay per download, buy a monthly subscription, or a combination of both. However, companies involved in the market may not all have music sales as their primary goal. With increased competition between sites this year, differentiation will be key. Services hope that creating interesting ways for users to discover music will help increase interest in new music, as well as the bottom line.
The report reviews business models and trends in the industry, as well as market drivers and challenges. The report also includes results and analysis of an online survey about the online music market and forecasts worldwide revenues for the industry.
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