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Digital purchases are projected to rise to $17 billion in 2014, from $8.1 billion in 2009, with physical sales dipping $10.9 billion in 2014, a decline of 66% from 2005.

GLOBAL MUSIC SALES TO TURN AROUND BY 2014

Survey Predicts Digital Sales Will Overtake Physical by 2011
For those that think the music business is headed for the toilet, don’t flush it down just yet.

According to a PricewaterhouseCoopers survey, “Entertainment and Media Outlook for 2010-2014,” global spending on recorded music will reach $27.9 billion by 2014.

This would be nearly 20% below the 2005 level. Last year, the total spent was $26.4 billion.

The report predicts that global music sales will turn around in 2013, thanks to new online services generating subscription and advertising revenue, with growth in the Asia Pacific region and Latin America helping to offset declines in North America.

Digital sales will overtake physical purchases in 2011, the report said, claiming that anti-piracy measures by governments will help "stabilize" the industry.

The signs for digital growth in the U.S. have not been encouraging in recent months. But for the week ending June 6, year-to-date track sales were larger than the corresponding period last year—the first time that has happened since the week ending March 14. Year-to-date track downloads up to June 6 totaled 510.6 million, up 0.2% from the 509.6 million units for the corresponding period of last year, according to Nielsen.

Digital purchases are projected to rise to $17 billion in 2014, from $8.1 billion in 2009, with physical sales dipping $10.9 billion in 2014, a decline of 66% from 2005.

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