CDs will die but net music may be a business bubble

[Dave Farber <dave () farber net>]

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Date: Sat, 24 Jan 2004 15:07:44 -0500
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From: Monty Solomon <monty () roscom com>
Subject: CDs will die but net music may be a business bubble

     CDs will die but net music may be a business bubble
     - Jan 24, 2004 12:19 PM (Reuters)

By Bernhard Warner, European Internet Correspondent


CANNES, France, Jan 24 (Reuters) - Music downloads will
render the ubiquitous compact disc all but obsolete in the next
five years, yet half of all companies that begin selling digital
songs online will fail by year-end, a researcher warned on
Saturday.


By 2008, one third of music sales in the United States and
nearly 20 percent in Europe will come in the form of downloads
and streaming music over the Internet, building a multi-billion
dollar business for the battered music industry, according to a
new study by consultancy Forrester Research.

...

     - http://finance.lycos.com/home/news/story.asp?story=40303076

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