July 9, 2008

Growth remains slow for mobile music services

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According to Forrester Research, U.S. music fans purchased $1.7 billion worth of music downloads in 2007 (singles and albums combined) but spent only $249 million on subscription services.

While the firm projects download revenue to surge 65 percent this year to $2.8 billion, it expects subscription revenue to climb a far more modest 15 percent to $287 million.

[via Reuters]

emily | 10:01 AM | Random Stats | Add this this entry to your del.icio.us bookmarks. Digg This Technorati search results for this Entry
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