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Last Updated: Wednesday, 19 November, 2003, 12:10 GMT
Music sales 'set to keep falling'
iTunes
Services like iTunes could take 5% of global sales
CD sales around the world will keep on falling for the next two years, a report has predicted.

Research group Informa says sales will fall from a predicted 16.6bn this year to 16.1bn in 2004.

But sales would begin to recover the following year, before reaching 18.8bn in 2008 - thanks to success predicted in fighting file-sharing.

"The fall in the value of music sales is certainly not irreversible," said report author Simon Dyson.

"The success of the new download services proves there is a viable market for legitimate digital sales, but the music companies must act decisively to stop the growth of the illegal services and the widespread copying of CDs."

However, by 2008 digital sales of music would only account for 5.7% of the global total, with online sales in all formats taking 12.1% of the market, he added.

The report also suggests singles sales will almost halve over the next five years, from 136.6m this year to 70m in 2008.

Vinyl album sales are also set to plummet over the same period, according to the report, from 4.3m to 1.8m.




SEE ALSO:
Bands 'urged to cut album tracks'
18 Nov 03  |  Entertainment
iTunes 'victory over Napster'
07 Nov 03  |  Entertainment
MTV prepares music download rival
04 Nov 03  |  Entertainment


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