European Music Industry Faces a Demographic Time Bomb Warns JupiterResearch
November 30th, 2005
JupiterResearch, a division of Jupitermedia Corporation announced that the European music industry is facing a demographic time bomb that could impact future revenues, according to the report entitled: "European Music Consumer Survey, 2005". The report reveals that European consumers who download music from illegal file sharing networks currently outnumber those downloading from legal services such as Apple’s iTunes Music Store by a factor of three to one: 15% file share while just 5% pay to download. There is solid demand for paid downloads, however, 10% of European consumers are willing to pay, rising as high as 31% in Sweden. More…
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