![\"Forresterlogo.jpg\"](\"http:\/\/www.readwriteweb.com\/images\/Forresterlogo.jpg\")
By now – the beginning of a new decade and well into the 21st century – it’s a story we’ve long come accustomed to: the music industry is dying a slow, painful, sputtering death at the hands of the Internet.<\/p>\nBy now – the beginning of a new decade and well into the 21st century – it’s a story we’ve long come accustomed to: the music industry is dying a slow, painful, sputtering death at the hands of the Internet.<\/p>\n
According to analyst firm Forrester’s latest report<\/a>, 2009 was “a lousy end to an even lousier decade” for the music industry and we shouldn’t expect much different until at least 2013. Last year, as a matter of fact, was one of the worst years yet, with a 13% decline from the year before.<\/p>\n Sponsor<\/em> For much of the report, the numbers only confirm what we’ve already come to expect over the past decade. Music industry revenues in 2009 were $6.3 billion, less than half what they were in 1999, and people spent 32% less in 2009 on music than they spent in 2008. <\/p>\n Of course the economy can’t be helping these numbers, but Forrester<\/a> sees this as a trend that is going to continue until it gradually starts to even out in 2013. By 2014, the company predicts music industry revenue to level off at around $5.5 billion with digital sales taking up most, but not all, of the slack. <\/p>\n The report also has one interesting event to note for 2012 and, no, it isn’t the destruction of the world at the hands of a Mayan death clock – digital music sales will finally surpass sales of physical media like CDs and vinyl.<\/p>\n While it goes on to say that 2010 will be a better year than 2009 for the growth rate of spending on digital music, the overall numbers will likely trend downwards after that, as shown in the graph above.<\/p>\n Discuss<\/a><\/strong><\/p>\n By now – the beginning of a new decade and well into the 21st century – it’s a story we’ve long come accustomed to: the music industry is dying a slow, painful, sputtering death at the hands of the Internet. According to analyst firm Forrester’s latest report, 2009 was “a lousy end to an even […]<\/p>\n","protected":false},"author":596,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-181598","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/181598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/596"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=181598"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/181598\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=181598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=181598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=181598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/a><\/p>\n
![\"forrester-music.jpg\"](\"http:\/\/www.readwriteweb.com\/images\/forrester-music.jpg\")
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