A study from Strategy Analytics reports that downloads and streaming music services such as Pandora and Spotify are set to pass CDs as the music industry’s biggest U.S. revenue source.
Ed Barton posted data on its website predicting U.S. digital music sales will rise to $3.4 billion this year, moving it ahead of the $3.38 billion in revenue from CDs and vinyl.
Within 3 years, digital music will surpass physical purchases globally, he adds.
I can't possibly top the comment in reaction to that news from The Conclave's Tom Kay in this week's Tattler: "No wonder I’ve had such a devil of a time trying to find that Lady Gaga 8-track."
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