WebProNews

The Year in Online Music

Recently I dug back through our archives to put together something of a retrospective looking at the year in online video. Now I have done basically the same thing looking at 2008's happenings in online music.

Record Labels To Blame For Industry Decline

Physical music sales continued a trend of downward progression and digital revenues are not making up the difference. Within the next two years, total revenues from music sales are projected to dip down to $23 billion, which is half of what the industry brought home a decade earlier.