Business Services Industry
European music download market could be worth EUR650m claims Strategy Analytics
Internet Business News, March 17, 2004
INTERNET BUSINESS NEWS-(C)1995-2004 M2 COMMUNICATIONS LTD
Research and consulting firm Strategy Analytics Inc has completed a survey and found that 55% of European music users would consider paying for music downloads.
The company goes on to state that those willing to pay for music downloads would spend around up to EUR15 per month on the service. This would result in a music download market value of EUR650m in Europe, according to Strategy Analytics.
Other results showed that broadband users were more likely to download music files than other broadband entertainment services and 63% were interested in the service, compared to 41% that wanted to stream movie clips and 32% that wanted to play games with other PC users.
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