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U.S. mobile music revenues to decline to $740M in 2013

With 2009 marking the tenth consecutive year of declining CD sales, eMarketer forecasts U.S. sales of recorded music will drop from $8.4 billion in 2008 to $5.52 billion in 2013--while online sales will experience healthy growth and physical formats will continue to plummet, mobile music sales will trend slightly downward, falling from $820 million last year to $740 million in 2013. According to eMarketer, spending on CDs and other physical sound carriers dwindled to $5.8 billion in 2008, down 60 percent from a peak of $14.6 billion in 1999--physical sales will generate just $960 million in revenues by 2013. "Unfortunately, the sum of online and mobile will not compensate for losses in physical, but it will slow down the rate of those losses to a 2.9 percent drop in 2013," says eMarketer senior analyst Paul Verna.

Posted by Graham Brown 

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